Simply put price is only one factor in the motivation equation.

It is a mathematical equation.

@James Green  I used a 5 year old deed recording date assuming that this will often equate to 30% equity. 

Not sure how to equate the knowledge and experience I have gained here to a dollar amount...

@Ryan Johnston  just chuckling a little on your post congrats on your success.but wholesaling and snagging other peoples equity is hard to say and equate it to being moral and Christian.If a wholesaler or anyone buying someones real estate actually tells the owner what its really worth and how they can maximize their return that I see as the Christian thing to do.going in and low balling NAH don't see that.. but as long as your good with it..

Since you are not converting any, the economics part of the equation is moot (at least until you either solve the problem, run out of money or stop).The solution is to either increase your frequency of touches and narrow your message or choose a list that isn't so picked over.

When you mailed this person, to him/her it is an invitation for a conversation and that equates to their One Thing - yelling at you.

If you use my PC that's a total of  1200 prospects responding which should equate to 10 deals which equal a 270,000 return.  

The typical equation is ARV x 70% - rehab and sales costs= max purchase price.

so for me to do what I do in Oregon I am a NMLS mortgage banker a Licensed Developer and a Licensed RE broker... and that equates to a bunch of CE each year etc.. but I am totally legal. :)