Bismarck, North Dakota investing

[Karlo Alamo]

Hello Community!

I'm starting as an investor of rental properties, and I'm looking into buying my first property. My goal is to get a fourplex maybe $150,000 with an FHA loan and a 10% interest rate. I ran the numbers on the BBP calculator, and my rent goal in order to get a 12% CoC return, has to be about $3,300. However, since this will be my first rental property I'm starting to learn how to properly analyze markets, and how to analyze deals. My city Bismarck, ND was a small city 5 years ago when I moved, but now it has grown dramatically (or so I think). So I wanted some advice on the approach I'm taking, and if there is anything I should be doing differently?

Thank you!