I would like tips on what goes into calculating cash flow, cap rates and expenses with a rental property.

I visited the property, spoke with the owner (by chance) and went home to run the numbers (thanks to BP's calculators). 

Thus, I often look at the current gross income to calculate my internal "acquisition cap rate" because I know how I would operate the property and roughly what my expenses will be, especially if I have experience in that particular submarket.

View report*This link comes directly from our calculators, based on information input by the member who posted.My partner and I are having a debate. 

(future value) Plug the numbers in a financial calculator and get your yield.

View report*This link comes directly from our calculators, based on information input by the member who posted.The offer price for this deal is 2.9 million. 

There are some great deals.Then Meridian is your next best bet., There are some good ones I have seen in the $250,000 range for a single family home.

If based on multiple methods, still $20k below your purchase prices, then double check your cash flow calculations. 

If so, I think they'd be a safe bet as a tenant since they won't have the mortgage payment anymore. 

@Nico NakamuraUnderstand these terms and how to calculate Cap rateNet operating incomeCash on cash returnDebt coverage ratioLoan to ValueThese are important for commercial real estate