The next best are those that plan ahead and have a place to move sooner rather than later.

Risk = $ x probability.Some of the formula-driven investors don't consider equity building through zero/low cost financing a strategy, but you'll need to model a scenario with lower cash flow and a balloon capital gain vs. a better cash flowing rental.PS - There aren't enough hotels in Rogers/Bentonville.

I'm thinking I'll go ahead and try advertising now and see what happens.

Is there a better formula to use also?

The seller was at the showing and the agent warned me ahead that he was $90,000 FIRM it is what he needed (he bought it at an estate sale), and was flipping.

As I told him I love it that he is California specific and his years of experience are miles ahead of me!

He was told he could go ahead and file a civil suit, but that it would be thrown out in court.

Joel Its the old GM plant in Doraville.

:-) My point was that the 70% rule (and all the other rehabbing and landlording formulas) already work for wholesalers -- you already have your tools.

Work with the formulas you find here on BP.