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Looking up the formula for the DSCR reminded me of that but it is also a bit discouraging knowing that if i invest $30k it is only going to yeild me about $2,500 per year and that i if everything goes well!

I'd love to tell you I have a formula for figuring out vacancy rates on the South Side of Chicago, but I don't :)I get slightly different numbers than you in terms of the overall picture, but I still like the investment.

I agree with everything you wrote,...except,...you put way too many formulas in. 

What’s the formula to determine “too high a cap rate”?

While the property doesn't have cash flow, I needed a bigger home base (with an office) for the day job as someone that works in technology in the DMV.Made some mistakes along the way, and had more help than I can thank, but I got locked in with a good rate which is the important part and now that my feet are wet and I know the formula, I'm ready for more!

I am looking to jump into the vacation condo rental market in the Myrtle Beach area (or anywhere that has a large rental market with plenty of golf courses and ocean front properties).My goal is to create a working formula where I can buy, renovate, hold, and rent a vacation condo with minimum physical work by me (outsource everything, from property management to renovation).

I know the formula to win a HUD bid is pretty simple....The highest "net to HUD" bid wins.

Using this formula and assuming 1) whomever is negotiating the short sale is extremely familiar with the process to reduce potential time wasting errors, 2) the seller is cooperative and provides all requested financial documentation in a timely manner, and 3) the negotiator at the bank is reasonably competent - you are looking at another 45 - 60 days prior to receiving short sale approval.

Cash is used for that formula instead of the value which makes a big difference.