How would i determine how much the rent would be, i cant find a formula or anything on here.

So, I'm not going ahead with this project..

Just use this formula - ARV (After repair value) X .70 - Repair cost = max purchase price.

Almost every professional athlete has a coach. not just a head coach but a personal trainer that helps them stick with their goals.

In my market, one of the few I've found you can get cash out each month, here's my basic formula: Total rents -30% for Maintenance and Vacancy -10% for management (even if I'm doing it, it has value) -$100/month profit PER UNIT If your maintenance and vacancy expenses are 30% - YOU'VE GOT A PROBLEM!

In this situation, I would go with an OH company because that is the state that the property is located and you will have to file an OH state return whether it is an out of state company or not.I would go ahead and have the company be the owner if at all possible.

So it looks like I might be moving ahead on my first piece of property and I have a question.

I ended up about $2000 ahead with insurance money.

Joe needs to know ahead of time what his maximum price is, so that he is not tempted to overpay for the property.

As i would say also if your using your formula which is the 65-70%ARV (After Repair Value), and knowing how to estimate Repairs i wouldn't think you'll have a problem.