My reading and a fellow investor taught me that it starts with understanding the 70% Rule which is a quick rule of thumb that can be used to quickly analyze a rehab deal or wholesale deal by applying a 30% discount to the ARV (less repairs).70% Rule FormulaQuick analysis assumes profit and fixed cost will make up 30% of ARV(ARV * 70%) - Repairs = Rehabber’s MPPDetailed analysis breaks the 15% into a detailed itemized list...ARV - Repairs - Purchase Costs - Holding Costs - Selling Costs - Profit = Rehabber’s MPPThen, in order to determine Wholesalers Maximum Allowable Offer you would use the following formula:MAO = Rehabber's MPP - Wholesale ProfitWhat I need to be able to do is use the Max Purchase Price formula (detailed analysis) in order to calculate a more accurate MPP.

@Jeremy Torres, I don't know all the details but from what I've read here I would not necessarily sell the car if I was if your shoes as long as it was reliable and especially if it is a brand that is known for reliability. 

Assuming she knows very little about RE, she will probably use a lawyer to handle the details of the quit claim deed. 

How do I go about understanding the loan status of a property that’s for sale? Would like to know at least amount outstanding and lender. No luck contacting agent yet and need to move quickly. Property is in Fairfax C...

Thanks for sharing all the details.

A few details:  Looking for someone who works Glenville, Ballston lake, burnt hills, parts of scotia, Clifton park, maybe malta, ballston spa, maybe other outliers?   

I am sure you are aware of that fact.Happy to have a more details discussion.

On a smaller scale, just call a local broker (better: call all top players, hopefully there are 3-5) and tell them you have 7 properties that you want to place in their rental program, and want details on how their rental management operation works.

Great info, thanks for posting these details to your deals. 

Posting more details of your situation here may help shed some light and help us give you the best next steps.