Do your homework & you will find someone you like. 

If you want to make it easier to do in your head, this same calculation is basically sf * 2.2.Area * 3.5 / 48 * 30$ = Area * 2.2Same math, but much easier to simply double sq ft and add 10% in your head for cost.

That's when I learned what the math in wholesale acquisition is.

My agent is showing the ropes on the math from purchase price to the ARV and the difference of the cost in between and also I have a friend who’s a millionaire who does fix and flips mentoring me the way as well.

@Shay SherbotseliYou've really done your homework and asked some great questions.

I take this info, will browse the mls and quickly can do some back of napkin math to see if the potential property will pencil out using this approx rent and approx mortgage and service payments.

I'm not sure I follow your math...

I know that is not a long term solution, but at least look at the math.

If you see comps in the $800k to $850k for the home (no adu) then once you renovate the home - by itself it will be valued like other homes like it that are renovated (likely around $900k ish) Be careful with numbers mentioned and do your own homework of course. 

Quote from @Carlos Ptriawan: None of these lo guys able to comprehend that back thenI am about to say even if the Fed raised the rate in 2015 , Lp equity would be wiped out as well.It is just Lp investors are too dumb to understand basic math and relationship between equity LTV and volatility changes in rate.Appreciate the brutal honest!