I have had a lot of people ask me about the Brian Page formula, but I am not sure you can charge enough for it be effective in Omaha (unless you can find a landlord that will rent to you just during the high season). 

The appraiser has a formula he uses to determine value and has to work within what the numbers show.

The 30% in that formula is designed to cover you misc soft costs like closing and holding costs AND you profit.

Below is my calcs using, am I utilizing the formulas correctly?

In the future, you may want to consider the following MAO Formula that I use to determine my Offer Price, for Potential Flip Acquisitions.

I've been building for 30 + years and most all sub's bid by the S.F. or yard or some formula that works for them, so even if he does see the unit a vaulted ceiling to a painter is not a big deal, so a small floor plan and a fair description of the unit from your PM is all and sub should really need. 

The formulas don't work since converting it to Excel, buy it's pretty intuitive.

Maybe it was a good deal, but the chances of that are like hitting a single number on the roulette wheel.Stick to your numbers, your formulas, and your rules.  

I want to get away from that type of behavior and just do real math, and formulas.

When we calculate our formulas, we don't even include vacancy as a calculation.