I have found that most things in business come down to a mathematical equation, and a balancing act between being careful and being courageous. 

Bottom line, the best way to look at anything financial, including vacation rentals, is mathematically.

I also enjoy learning mathematical concepts (the actual math part not so much).I competed in Speech (Extemporaneous) and took several Law, Public Speaking, and Debate classes.Athletics has always been a passion of mine; in highschool I competed in XC, Wrestling, and Track and Field.

Jon Holdman gives the exact "mathematical science" of Gambling Odds.

Mathematically you can put numbers to those probabilities.

Appreciation is mathematical.

You will typically need to submit quotes for the improvements when you apply for the mortgage and those funds will be held-back until the work is completed.I would suggest that you come to know and understand the process and mathematics behind evaluating a deal and projecting it's "after repair value", then develop your own spreadsheet - or, as we have done, software tools - to facilitate your analysis.  

Mathematically, if it's worth the time, effort, and hassle, selling and re-investing makes sense *if* better performing options exist. 

Mathematically, it is simply the inverse of the Gross Rent Multiplier (GRM), using monthly rather than annual rents.

With my background in mathematical analytics and my work in renovating homes, I feel well prepared to break into the world of real estate.