They didn't adjust the land basis and say that all of the increase is towards improvements.

@Bill Gulley Good feedback, guess I will need to make some adjustments but almost all of my meetings are personal one on one basis now and they are usually good referrals from friends/private investors that have made good returns in the past.

These are such things like (electric and water bill payments, phone bill payments, unreported car payments, insurance payments, various rental payments,and other bills you pay on a regular basis...) if this is true, where will I start with trying to get my monthly bills added to my credit report?

The downside is that your cost basis is $125K so if/when you do sell, you may have to pay taxes on more money than what you receive from the sale (it should be LTCG though which is pretty low comparatively speaking).

I am calculating it as:20% of (purchase price + repairs +other costs)= 0.2 x ($75,000 + $20,000 + $10,000)= 0.2 x $105,000= $20,000 (rounded to the nearest $5000)I've lost two other deals using this formula, and after that and looking every day for the past 6 months, I'm wondering if I need to reduce my profit goals in order to actually close a deal.

We both have hard everyday office etc costs.

This will give you a basis for projected list price vs. what price the home will most likely sell at when your rehab is done. 3.

There are no books that are the complete formula but book did provide a sound basis of understanding, especially on the conditions that are necessary in order to make an informed investment decision. 

If one house needs paint and carpet and another one needs a full gut rehab for the kitchens and baths how can a fixed percentage for rehab cost have any basis is reality?

I know that results will be the bi-product of the work/dedication/education I put in on a daily basis.