Hello, I'm a long time investor in my home area and new to bigger pockets. The forums here are fantastic with so many competent entrepreneurs participating! I am starting to look for investment opportunities nationall...

So it sounds like I need to figure this initial involvement of the contractor as cost of analyzing deals. ...because if the contractor comes back with an estimate of repairs that is too high to make the deal attractive then I'd be out that fee for his service.

Thank you for your service Kyle! 

We have a local government entity - Clean Water Services - who reviews what you want to do and signs off that there aren't any issues with wetlands or protected environmental situations (animals?

I have been quite conservative in the analysis but the result is still very promising.

I didn’t have a mentor and learned the hard way of how to service the general public and real estate investors.Master how to service the general public and at the same time find a mentor who is licensed and does real estate investments in your state here on BiggerPockets.I wish you success!

Folks are paying up more than they are worth (just my opinion and analysis as I am focused on FQE)

Great guy and a lot of experience servicing the real estate industry.

If you're doing commercial you're looking at 5%+2) CapEx at 6% seems low, typically when doing revenue/expense analysis 10% is what people use (though if the property really is in great condition your 6% may be justified)3) Most on BP will recommend you budget in some amount of Management Fees because if you plan on doing buy and hold, eventually you may get to the point where you want to outsource the management.

@Kevin Phu 1k is exactly what my assumption has been when doing my analysis, but unfortunately, that wont be enough cash-flow for this deal to work out.