I like to use a famous person's quote on why learn IRR:"We choose to LEARN Internal Rates of Return (IRR) and do the other things, not because they are easy, but because they are hard; because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one we intend to win, and the others, too."

He told us that if the measurements were around 4” then we would really need to consider leveling the house but it should be fine as is.

TerryS&P CoreLogic Case-Shiller Indices for August 2017 ( measures home prices year over year)Yearly increases by citySeattle 13.2 percentLas Vegas 8.6 percentSan Diego 7.8 percentDenver 7.2 percentDetroit 7.2 percentPortland 7.2 percentDallas 7.1 percentBoston 6.9 percentCharlotte 6.8 percentTampa 6.8 percentLos Angeles 6.1 percentSan Francisco 6.1 percentPhoenix 5.8 percentMinneapolis 5.6 percentAtlanta 5.4 percentMiami 4.9 percentCleveland 4.4 percentNew York 4.4 percentChicago 3.7 percentWashington D.C. 3.4 percent

We have worked out with him that we measure and order all large ordered materials first thing so it’s all there ready to go and then he gets paid as the work gets done.

Some have a stringent screening system that guarantee a first-class tenant.

Back in the day you could do this, but now the rules are more stringent.

So use that as a measuring standard when speaking with a lender that is willing to lend that low. 

My end goal is to acquire as many as possible for long term passive income.My question, as the title suggests, is how to properly analyze a deal and what MOST folks like to use as a measuring stick to be considered a good deal.Brandon Turner says he only jumps on a rental that will bring a 12% cash on cash return after everything is accounted for (PITI, vacancy, maintenance, cap ex, management, etc.)  

Because in addition to the less stringent seasoning requirements, a lot of these local banks will allow you to put the loan under an LLC name, and you give an unlimited personal guarantee (also known as a contingent liability). 

Hi BP,The scope of knowledge I think are essential for me to get my first deal is narrowing and thank you very much for contributing to that. Right now I am looking at houses in pre-foreclosure (and in general) and ne...