I realize the numbers would be bigger/different but are there addition costs to consider with multi-family or would the same formulas apply?

Our current project is $500k.If I took this deal using my hard money formula, assuming your numbers held up (rehab & arv), I would loose approximately $9,000. 

While I have set formulas for my lower/middle income inner city rentals, I haven't the slightest idea what to expect from a vacation rental.  

Is there an exact formula used ie. 3xAnnual Income-Current PITI?  

Creative finance and creative negotiating is about the same thing.  There are many definitions for the so called creative stuff, so what it is? In my opinion, it is a buyer attempting to put together a transaction tha...

This is a 2 bed, 2 bath condo in New Jersey.Purchase price: $189,000 all cashTaxes: $334/month ($4000/yr) Insurance: $19/month ($219/yr)Association: $351/monthRent: $1600/monthI've seen many formulas to calculate whether a deal is good or not.

Hello all, does anyone have a specific formula they rely upon for the amount of reserves they like to keep for their rental business?  

I know you can't even use this unless you see it or see pics short of a thorough inspection, though what other quick formula do other rehabbed use?

Any rules of thumb or more formula-based approaches you use?

I am entering 10k in my formula, but now wondering if that's too much.Thanks,Chris