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Updated over 3 years ago,
Analyzing a rental properly
I'm having trouble analyzing properties. I'm trying to analyze one every single day, just something on the MLS, it doesn't have to be a deal. However, when I look at the property description there's a lot of missing information. If I'm lucky, I'll be able to see the current rents and taxes but what about everything else?
Now I can use the current rents for the 1% rule, the 2% rule or the 50% rule as a rule of thumb and that's all fine and dandy but there's so much more information that I need to analyze.
If the rents aren't in the description is rent o meter a good place to find market rent? Also, what about the insurance?
Besides the condition of the property and possible repairs, what else do I need to know to analyze a property properly?