How much analysis power does a newbie need to have ?

[Lloyd Winston]

As a newbie how much analysis power do you recommend for newbie decision making on a first deal. What software or tools do you recommend or simple Excel should be sufficient for a simple close analysis... should I get BP tools and rehab Valuator or something else? I could just lay it out in excel with a deal summary tab and then create another tab for rehab detail and another for closing detail and maybe one tab for exit strategy... let me know your thoughts on this. Thanks again for your time on reading my post.