Did you find out how to Protect Yourself from a-z what's the Formula

Cap rate, is a fundamental formula in real estate investing, particularly for evaluating income-producing properties like multifamily units.

For investment purpose the formula is :(ARVx70%)-estimated repair cost=Maximum purchase target.

You can find that here: https://youtu.be/DxjY9gqx-_4Had we followed the 75% - repairs formula we would have lost $97,000. ^ Most folks doing one or two at a time aren't going to have near six figures in holding costs but if you're doing them in volume (or even if you're not) I recommend following this: 75% - repairs - $5000. 

Over the next 60 years, that dude, his children, and his children's children ran that duplex into the ground, following the time-honored formula of doing no maintenance until the place falls down.

There is no magic formula for buying real estate with no money down.

Many people talk about MAO formula but they don't talk about how to calculate the repairs.

The secret Jerryll-Formula to success in conversions is simply this.

Property managers suck the profit out of short-term rentals.When you want to scale and be successful, you extract the leeches from the formula. you don't need a property manager, you need a good property management system such as ownerreservations or guesty or something else. you need automation such as a good programmable code lock that works with one of these you automate responses and everything else.

Heck, I've been doing this for a few years now and I'm still surprised at some of the morons that are making good money at this; and remember, pretty much all of us who have been doing this for more than a few years are at least low-level millionaires, and many of us can't even agree on basic formulas.