What criteria do you use to evaluate a potential investment property

[Voley Martin]

What criteria are you guys using to qualify potential deals? Ive owned property before so its not super scary to me, but I am far from experienced enough to see the intangibles that may cause problems down the line. I would like my first couple of investments to be simple and easy and then move on from there. 

I came up with a goal of having one property by the end of the year that cash flows at least $100 a month after all expenses. Additionally it will have to take care of itself so property management is included in this. I would like to account for big improvements too althought instinctively i dont think i want to buy a property that needs any crazy upgrades off the bat. I attached an example of a property Im looking at that looks like a great buy candidate. There appears to be no shortage of these on the market, so if I can meet these criterion over and over again, what do you guys do to narrow down the field and find the BEST deal possible? I may be overcomplicating things but I also dont want to just jump on the first deal that crosses my path. Does anyone have a checklist or some sort of qulifiying method? 

[Jaycee Greene]

Thank you for that. Those rents are around the FMR for that zip code and bedrooms. Are you looking to do Section 8? Is that why your operating expenses are nearly 40%? Overall, it looks like a good deal, something you could probably even take to a local bank or credit union for financing.