Analyzing 3 Duplexes & a Vacant Lot

[Cathey Bayless]

I'm trying to analyze a property a day.  Brandon suggested in a Webinar to make an offer a week, but I can't really offer anything because I have no money.  I live in Tallahassee.  I found an interesting property near FAMU and FSU and downtown.  But I really wonder about things about the property.  Running the Rental Property Calculator, I get a monthly cash flow of $1,180, which would be $130 per door.  But nowhere lists how many units are vacant.  I understand you can ask to see a rent roll when your offer is accepted.  Nowhere tells what type of construction or roofing it is; it says other.  Purchase price is $95,000.  I analyzed it at 30% down, 30-yr., 4.5%.