HOW DO YOU ANALYZE A BUY AND HOLD DEAL?????

[Joshua Ferrey]

Hello BP!!! So I just closed escrow on my first house that will be my primary residence in Oakland, Ca with the help and advice from the Bigger Pockets community and just wanted to say thank you! Now its back to business as I am interested in pulling a HELOC as soon as I can in order to start gobbling up more properties to buy and hold for cash flow as well as appreciation. My question is what are some of the best formulas and rules of thumb to analyze a perspective buy and hold deal for a SFR or multi? I have heard a patchwork of different rules and methods regarding perspective rent, capex, local tax laws, etc. I'd like to hear what you guys have done that has worked as well as not worked....Thanks in advance and happy investing!!!