Analyzing my First deal (HELP!!!)

[Jesse Lewis]

So I am currently reviewing a deal that "seems" to fit my criteria. However, I've never evaluated a deal on my own and it's easy to miss things. I dont know what I dont know. My questions to the bigger pockets community are.... 1. What should I consider when reviewing a proforma? 2. What are the biggest mistakes made by new or any investor when evaluating a deal with a proforma? Here are the details. 1. The seller sent me the proforma for the property. 2. This is the first time I am dealing with the seller "ever". 3. This is my very first deal. 4. I am only interested in investing for cash flow and the numbers on the proforma "seem" to fit my criteria. 5. The property is out of state. If I'm going to take this deal down I wanna do it right. Please share your insight.