Originally posted by "Rehab702":Typical formula: (ARV – Repairs) x 70% = Maximum Price.Better yet: (ARV * 70%) - Repairs = Maximum Price.That will be (1) more conservative and (2) more consistent since you will be dealing with actual repair costs (the first formula only subtracts 70% of repairs and would thus have you offer more than you should on homes needing a lot of work).For example, imagine a house with ARV of $100K that needs $50k in repairs (an extreme example, but it makes the point):If you do it the first way, you get (100k - 50k) * 0.7 = 35k max offer That would be 85k you would have in a house (after repairs) that sells for 100k ARV (or you are paying 85% of ARV).

So what you could do is give two tiny rent increases per year of just $25 dollars.

But I don't think it meshes extremely well if you're also trying to come across as a sincere REI with no hidden agenda.

Simply forming the habit of turning your drive time into listening/study time will educate you in no time.C) Join a local REI club in your area.If you actually do this starting right now, I know already for a fact you'll do extremely well and become an expert in no time flat.

Tougher to rent a unit that has one large and one tiny bedroom, because one of the roommate gets stuck with that small room.Look at the zoning map and check with the planning department yourself.

And in this extremely hot market that were in here in my city he's trying to get a major discount on the price.

I'm extremely sorry to hear about your situation and I apologize for being so insensitive.

The $137K number thrown out is above 18% and an extremly insulting offer.

subdividing and developing will be extremely expensive.

It's the thing that all REI's who are wealthy to extremely weathly have in common.