So I basically have seen two basic formulas on these message boards to determine whether or not a property is a good buy.For rehabbing: (ARV * 70%) - repairs = Max Purchase PriceFor Renting: Rent * 50 = Max Purchase PriceI would like to buy a property to Rehab, but be able to fall back and rent it if I can't find a buyer quickly... while also having positive cash flow after mortgage and operating expenses.If I put an offer on a property for $25k and the ARV is $50k (if I put in all new flooring, paint, and redo the kitchen and both bathrooms) that leaves me $10k (According to the formula) for repairs which I could likely do if I'm doing it all myself.BUT...That would have me with $35k into the property, and I am only confident of being able to rent for $600...

Also, be very wary of anyone in a so called position of "trust."

The Wall Street losses are a trailing indicator.A fair amount of the losses are not even directly connected to the home mortgagees as some are trading positions that people got wrong.

Stay positive!

If your example house rents for $3000 (as shown by comparable rentals in the area) then multiply by 50 to come up with the max you should pay to see positive cash flow.

We are in the business of creating positive, predictable cash flow for investors, through single-family homes we have purchased, rehabbed and rented.

An older friend (close to 70) owns a rental that makes a small positive cash flow.

Well, then you may not be able to learn from these folks… I also know a couple dozen wholesalers, and they wholesale a couple dozen properties a month… Wholesaling does work… Like anything it takes a positive attitude, and a desire to make it happen.

Can someone give me a lost mitigation company or person that has been getting positive results with short sales?

I have mixed feelings when things like this happen because I know that I am positioned correctly and that's good, but on the other hand I 'm concerned because if things get too bad then I'm worried about the tenants (even the good ones) going broke and not being able to pay.