Deal Analysis Practice

[Steve W.]

People mention doing deal analysis for 10 properties per day. I think this is a great idea and would like to get into the habit myself, specifically for long distance BRRRR of 1-4 unit properties in Fayetteville North Carolina.

Perfect practice makes perfect. Junk practice gets you nowhere. To actually get any value in the deal analysis practice, I need to:

1. Get an idea of rehab costs
2. Get an idea of rent rates
3. Start to learn the neighborhoods
4. Get an idea of comps

Then I can run properties through estimates of (purchase price + rehab + other costs < 75% ARV) and (PITI + other costs - rent > desired cashflow). Any recommendations for how to go about this? Specifically for #1 and #3. I think I can tackle #2 by looking at rent listings and #4 from MLS sites.

Anything else I am missing from making the most out of deal analysis practice? 

Thanks!