I found this forum today, and I've been playing with your 50% and 2% rules, especially in regards to formulas I already know like cap rate.

Currently using the 50% formula they are all cash flowing though I am managing them all myself.

(not bashing agents here just would like to understand more on this topic)My formula is basically having acquisition at highest 85k and 25k average for rehab so 110k highest with closing costs and holding costs included.

When we were buying lots of REOs, this is the formula that seemed to work best for us.

Jon - What is the formula to figure out the P&I

I stuck to my formula and lost the deal, he tossed his formula and won the deal, but may not see a good ROI from it.In real estate investing, we say "You make your money on the PURCHASE."

I have not actually reached out to the REA and I build the spread sheet myself using the BP spreadsheet as a guide so the formulas may not be exact.Thank you for your help ahead of time!

A guy who wants to sit in front of a computer screen all day and research off-market possibilities adds, at most, 5% of the profit formula. 

Adjust based on square footage.(4) Apply Formula.  

I seem to be coming in really low but I'm using the formulas and following the advice here.