Leveraging will multiply your returns, but you might not want additional debt.

If you don't have financials, you can calculate the expected NOI by multiplying the number of occupied spaces currently paying rent by the monthly lot rent, then multiply by 12 months, subtract the expenses, which can range from 30-50% depending on variables, so use 40% for your back of the napkin analysis.

Should I multiply price per sqt ft x 2?

I like gross rent multiplier.  

Take these costs and multiply by two, and deduct that from your purchase price to compensate you for your efforts.Feel free to reach out to me directly, I have bought several buildings over the past 20 years.

Take your gross income divide it by twelve and multiply it by 0.4.

My guess is you would multiply your GP % times the proceeds from the acquisition fee, and the GP share of the profits.

Originally posted by @Gabriel Miritello:The Home is in Savannah, GaI am an electric and plumbing contractor in Florida, shouldn't be a huge price difference from my area to GA.our pricing is 248/dropso count every (Light switch, outlet and fixture (lights etc) ) and multiply that by 248so #of drops X $248 = total for rewirethen add about $5,000 for the panel and that will give you a pretty good idea where you should stand, after that give or take $1500 and that'll give you a range!

I had to play with the numbers and did not do enough work to increase the Gross Multiplier.

Whatever your rehab budget is multiply it by at least 1.5 because even when you double check your numbers, unexpected things happen that can cost an extra 500 or 1,000 here and there and it adds up.