Hi, when planning a cash out refi , is there a formula to pull out a certain amount so that the monthly rent will cover the new mortgage payment?

Could of also been crazing if it was too hydrated during finishing or too hot.

Let's assume the initial rent is $1,000 a month.The formula to calculate future value is:FV = PV x (1 + r)^n / (1 + R)^nWhere:r: growth rateR: decrease raten: number of years into the futurePV: present valueUsing the above formula, I will calculate the rent for 5, 10, and 15 years with 2% growth.5 years: $1,000 x (1 + 2%)^5 ≈ $1,10410 years: $1,000 x (1 + 2%)^10 ≈ $1,21915 years: $1,000 x (1 + 2%)^15 ≈ $1,346In our example, rents are rising by 2% each year, but inflation is reducing the buying power of your money by 4%/Yr.

There is no special formula, though if you are hurting for the $10k renovation budget, it sounds like you have no contingency funds and a high risk of failure.

Once I got to about 10+ units it started to be more self-sustaining. this is why for me if there is no appreciation in the formula there is no reason to buy these at all. 

The minimum for long-term investment is at least $200 a month positive cash flow using the formula, After Repair Value (ARV) * 70% – Repairs.

The public see's the companies as Success Path, Flipping Formula and others but they are simply Zurixx 'doing business as' or dba Success Path, Flipping Formula, Advanced Real Estate Education, etc.

Just yesterday I was talking with an agent/investor who gave me the same formula; Wholesale it, then get the listing on the back side and collect a commission. 

One formula we use to give you a quick glimpse of what you could hypothetically qualify for conventional loan is for example lets say you make 10k so take 45% of that to be conservative.

I did not know anything about the exact formula though I know the tax can be an issue.Thanks for sharing!