Quick calculations for deal analysis?

[Chris Stromdahl]

I am starting to put together my processes for deal analysis.

I am using the REI spreadsheet that @Joshua Dorkin provided in the following post, but I think that I need a more to the point calculation to rule out properties that are not anywhere in ballpark.

http://www.biggerpockets.com/forums/88/topics/2551...

The following would be helpful:

• Suggestions on steps to take/information to collect, numbers or otherwise
• Quick calculations. Example, using the 2 or 1% rule and immediately discarding properties that are under 1%. Whatever tools you use in this same manner.

Thanks, Chris