how to effectively analyze properties

[Elijah Kerns]

I have read multiple books on how to analyze properties. Most of them all say the same thing on how to get gross income minus expenses including vacancy, CapEx, repairs, taxes, insurance, mortgage payments, etc. The authors always claim that they can do this in a minutes time. However, I'm still unsure how to actually perform the math accurately, and efficiently. I feel that It's one or the other. I'll either spend hours analyzing one property by calling an agents to get projected rent and getting quotes for insurance. Or I can do it fast like the authors of these book but the numbers would be a shot in the dark. If anyone can give a detailed, step by step explanation on how they analyze properties and the time frame in which this takes I will be forever grateful.