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.  

(a) At least 14 days before a hearing on a protest, the chief appraiser shall:...(2) inform the property owner that the owner or the agent of the owner may inspect and may obtain a copy of the data, schedules, formulas, and all other information the chief appraiser plans to introduce at the hearing to establish any matter at issue; andThe advantage for property owners is that they can know in advance what data (e.g. comps) the appraiser used or plan to use to calculate your assessment value at the hearing.

I use the formulas of 10-15% of the contract price or a standard 5k assignment fee.

@Beau Ryan and@Jay OrlauskiThese are great formulas to appraise the property.  

Hello All, I'm new to BP and was wondering if someone can help me with identifying key formulas to consider when evaluating a property as an investment, and also what a good percentage to be at?

Here is my wholesale formula for a deal I am selling to a retail rehabber.

Mike is correct that you really don't need to spend that much - and if you are already successful it is less necessary, and it makes one think that $25K could be better spent on real estate investment, but each has his own needs and formulas for spending.

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

I have evaluated this property using the typical NOI and CAP analysis formula Jose Enage and it just doesn't make sense at this price "$1,450,000"...but the purpose of this msg was to get your expert opinions because i'm still learning.

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.