@Elizabete De Lima The formula is sometimes Buy-Fixup-Rent then Refi for money for the next deal.

They are completely silent and receive a check each month.If I could structure a reusable formula using a securities attorney for a cost of around $10k, I will do it.

Use the formula to determine Cap Rate:  Net Operating Income divided by the Purchase Price.First,  find out the NOI, which equals total income minus total expenses (not including debt service).If you have the purchase price (what is should sell for) and you know what the rental income is you can determine the cap rate.Example: purchase price is $100,000 and the monthly income is $1,200 or $14,400 per year.

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe E-MythThe 4 Hour Work Weekhttp://flip2freedomacademy.com - free e-bookFlip2freedom episode 77[http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/] - podcast - LISTEN TO THIS TODAY!

Here's my formula: PETIOPropertyEquity TitleInterestsOpportunitiesAfter you've research the value, the liens and the title you can determine if the owner is, in fact deceased, then check with county probate court to see if a probate has been started.There ought to be a place that you can get more info on how to deal with abandoned properties... 

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe E-MythThe 4 Hour Work Weekhttp://flip2freedomacademy.com - free e-bookFlip2freedom episode 77[http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/] - podcast - LISTEN TO THIS TODAY!

;-)  But even with its simplicity, all this info overload still has me punching in formula after formula on it!

When you're starting off it's easy to want to rely on formulas or 'paint by numbers' schemes, but you may have one house that fits the 2% formula and has $ 100 cashflow and another fits 1% and has $ 200 cash flow. 

I recently discovered the formula for actually building my credit score as a bonus to secure some loans.

So I made the argument to Duke that their deposit formula was not applicable to this property.