Need help figuring out where to start....

[Dan Fields]

Ok, so I've been doing a lot of reading both on the forums here and also a few books I've bought along the way. Lots of information coming at me and I'm trying to keep it all straight. I understand you have to get out there and look at houses, a numbers game. My question is how can you quickly look at an ad and decide if it's worth driving out to take a look and contacting the seller?

For instance, I just pulled up Craigslist and found this ad.

http://okaloosa.craigslist.org/reo/3767671414.html

Looks alright to me from the photos, not much information in the ad, seems cheap enough, but is there a way to quickly weed this one out or realize the possibility of the numbers working. I'm looking for long term buy and hold cashflow properties. I don't want junkers but I also don't want "expensive" homes.

Any help or general advice will be appreciated. Thanks.