@Erika Unhold I've never heard of the 2-3 x materials = labor formula but I'd think that would vary wildly depending on the job.

Tech9 has a song about that on youtube haha.oh another good one is beer kitchen

Tappan, Jr. lots of great real estate formulas that will help anyone reading it.

These opportunities are there with us once we learn what formula you may be looking for. 

The reason why we are looking at Amherst right now is that my partner has two already (in 14226) that he is doing really well with so we are looking to continue with the formula that is working for him. 

You'll need to determine your current DTI with the following formula: monthly income divided by 12, and multiply that by .45 (you'll really get a lenders attention by knowing this ahead of time, and come off much more professional). 

Do you factor in property management fee as part of your formula to calculate Cap rate?

On the inheritance tax side, however, I believe the formula take account of the fair market value --- even when sold at a judicial sale. 

I was just wondering if there was some complicated mathematical formula I should be using to figure out my ROI.

I wonder how these investors go from being creative, fearless risk takers to what I call “Money-Mindset-Template-Formula-Robots”.Here in Utah I have yet to find a real estate investor who doesn’t do this type of investing.