How to analyze rental properties and work there numbers?

[Jasraj Singh]

I am always a little bit confused about how to work numbers in rental properties. I've read a lot of BP blogs and articles and I now know a little bit about it. There are so many ways and formula's and things like ROI, Cap rate, COC, etc. I know what they are and how to calculate them But it's a little confusing, I don't know which one to use any when to use. I also don't know how to calculate vacancy, and how much rent should I offer to tenants like how much should I rent a unit for or how much cash flow is this property gonna produce. So I really need help on how to analyze numbers on rental's so that I can decide which is a good investment and which is a bad one and then invest wisely, so I really need to know the economics of income property?