Newbie looking for Deal Anaysis Mentorship

[Anna Kate Kingston]

Hello all! After months of reading up on real estate and watching videos by investors, I'm looking to be get some one-on-one guidance from a BP community member to work through deal analysis for potential deals with multiple exit strategies. I'd be happy to pay an experienced member for their time and coordinate virtually. Thank you in advance!

[Joe Villeneuve]

Quote from @Anna Kate Kingston:

Hey Andres - thank you so much for replying! I feel confident in collecting comps, determining a conservative ARV, and have a general knowledge of the components to factor into acquisition and holding costs. I need a bit of guidance when it comes to running to numbers to analyze as a flip vs. LTR vs. STR.

That means you need guidance on applying different strategies to properties to see if a deal can be made.
Gathering comps that apply to a property for a REI is much different than doing so for a homeowner buying their home.  When done correctly, there really isn't a conservative number you arrive at. That number is very specific, as well as the area (micro-market) where that number applies.
These are just some of the things that go into Market Analysis.  Market Analysis is much more important than property analysis.  It's the market that determines what the property is worth, and the worth is restricted to a specific geographical area on a map.  At some point, across the street, that same exact house has a different value.
Market Analysis is so important to a REI that out of the time that REI spends each day doing REI, 80-90% of that time should be spent doing MA.