I’m roughly an hour in and it’s already completely changing my views and formula moving forwards in regards to tenants, how to screen them and the likes.

Just curious, what formula do you use for establishing your reserves goal?

You just need to make sure you're using the (70% of ARV - rehab) formula when making your offers and you'll do fine.

When you sell an option to someone, you are selling them the RIGHT (but not the responsibility) to buy something from you at a given price (or formula for price) for a given time.

Go off your buy formula exclusively.

It would seem that if the formula for buying a fix&flip is 70% x ARV - Rehab, then the formula for buying a NPN that you intend to foreclose/fix/flip should be x% x ARV - Rehab, where x% is less than 70%, but what is x%??

- Anyone have a formula?

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Any others using that formula in hot markets?

And if they are using square feet in their formulas, it make a difference.