What's the formula on what one should pay in renovations considering the purchase price and anticipated sell price? 

@Richard Elvin Thanks for this Richard, I think you counted set up cost twice in your formula.

Formula 1 race track just 15 minutes away from PDC.
5.

According to their formula it is the purchase price (415,000) - Acquisition amount ( 335,000 ) = 80,000.HML purchase closing costs 5000The max loan they will give me is 385,000 ( ARV 550,000 x .70 )50,000 of the 385,000 will be allocated out after closing for rehab costs.

Very welcome my dude.So... to answer your questions.This is what you need to know to get buyers.SEO is a formula.

I used the following formula to calculate expected ROE each year for a 10 year holding period:ROE = NOI/(Equity+Change in Home Value)I have also renovated the property and added an additional unit for extra rental income.

my formula for house hacking is simple.I always use 25% down because bank requires this.

Part of the credit score formula is average age of the credit lines. 

If the only reason is you are all carpenters, the partnership will not survive.First, I recommend you understand these formulas:1 -  Friend + ship = friendship2 -  Partner + ship = Partnership...if you subtract "ship" from both formulas, you'll find that...                       

This is where one needs to start looking at Purchase price / rents   and come up with a formula they are comfortable with..