I would suggest that you pick up any local RE for sale books, if your area has those, and usually you will find an agent or two that advertizes in there that they specialize or do Investment Properties.

Don't forget to factor unexpected repair costs, closing/financing costs when buying, closing costs when selling, PITI (Principal, Interest, Taxes, and Insurance) payments while you are fixing up and selling, and realtor and/or advertizing fees to sell it.And now I'll give you by far the NUMBER 1 newbie mistake in real estate investing. . .. . . buying a property too high and TRYING to sell for even higher.So, Alex, to summarize my input:Experience tops book knowledge.

If you were looking to rehab and resell, then after factoring in closing costs to buy and sell, financing costs, holding costs, and realtor/advertizings costs, you would already be sitting at 12-18% of ARV.

Usually they will have a list at their office that you can place your property on to advertize to tenants that have been approved for Section 8 assistance.Now I have 45 rental units which I acquired through different avenues.

Wholesalers normally do quite a bit of advertizing.

That percentage will factor in closing costs for buying and selling, financing costs, holding costs, selling costs (realtor fees/advertizing), and your profit.

Closing costs when you buy it need to be factored and initial financing fees if you are financing it.When you are factoring sell price (ARV), you will need to factor off of that realtor/advertizing fees to sell it and ALL closing costs when you sell it.The 70% of ARV minus repairs formula adequately factors in all these factors.

This also allows some room for advertizing costs.

It took almost 2 years to finish and I swear never again I will let other people control my finances and renos.Never Again I will renos myself the same way I had to do that time.Now I have a contractor I trust, paid by the hour, plan things before he starts the daily work, check the plan at the end of the day, and so on.When I need to rent the apartments, I only start advertizing 3 weeks before the tenant moves out and only show 2 days a week at 6PM and I only stay there for 15 minutes.

Real experts are recognized, not advertized.