Just like these folks post on BP  hey I don't know anything about NPN I would like to partner with someone.. they are relying on that someone to run the show.. let me tell you I had a 4 hour grilling over this with a state financial investigator who was one sharp attorney.. and with my attorney we argued back and forth up and down.. but it does not matter.. the remedy is to take it to law court for 100k and see who is right the regulator or my attorney..

So expensive we are investigating other states.

What rules of thumb do you use for your preliminary "deal or no deal" analysis of a property?

Again that was part of an exploitation investigation where the cg got ct to sign a new Will leaving everything to her and cutting out the kids.What's funny here is the heirs could be scammers like you said selling what they don't own, or the "investor" is the one foreclosing to grab all the equity, or no one is and it's all just a legit pile of blah. 

If you can get in and thoroughly investigate and inspect the house you can plan better. 

Continue at your meetups, investigate a few investing disciplines...be prepared to love them all when you first hear of them.Post on BP, go to your local REIA.Bring value, what can you do for a seasoned investor?

This property caught my eye for several reasonsmostly because I drive by it frequentlyit offers a commercial space, apartments, and mobile home lotsit's close to my other investments and where I liveI feel like this is an area ready to grow (it's the non-interstate link from big town to small town)it's not so expensive I can't find a way to do the dealI've been investigating mobile home investing lately, and this is one way to learn thatI don't have a physical office space for my business, and this would lend credibility to my business (and allow me to have high-speed internet, which I can't get currently)I can use an apartment and rent my SFR for morethe mixed use feels like diversificationI wouldn't be surprised to see an investor try to buy this and several other spaces up for a large developmentI see potential in possibly converting the mobiles to tiny houses and increase rents accordinglyI'm not in love with the deal, but a couple of those reasons would sway me to consider a less-than-great deal, for non-financial reasons.The numbers really look not very good, and it looks like a bad deal as it sits, considering I'm adding 1000 in rent increase and no rehab in this scenario. 

@Charlie MacPherson - Thanks for the thorough investigation and detailed note.

Price / Rent Ratio - lower the better Avg Median Income - feeds into #2, not as important on its ownAvg Median Price - feeds into #2, not as important on its ownAvg Median Rent - feeds into #2, not as important on its ownRent % of Income - rent should be >1/3 of incomeSociodemographic Rank - should be high (used this article)Population Growth - should outpace US average (used this site)Jobs Growth - highger the better (used Forbes data: example)Law Favorability - should be landlord-friendly (used Avail: example)State Tax Favorability - should be favorable (used this article)Poverty Level - should be low (used city-data.com)Crime - should be below US average of 290 (used city-data.com)Industries Present - should be diverse (used city-data.com) Here are the markets I evaluated: Bend, ORGreenville, SCCharlotte, NCMeridian, IDMidland, TXSpartanburg, SCHuntsville, ALKent, WAWithout any further delay, here is my market analysis laid out with selection criteria and markets: As you can see, the Top 2 Markets are: Meridian, IDCharlotte, NCand they are mostly green across the board, hitting all selection criteria, at a reasonable purchase price for my first investment at a young age.Now that I've completed a brief analysis, I'm looking to dive into deal finding and developing my Core 4.What are your thoughts on my preliminary market analysis?

@Mike Calabrese your RE IQ will increase over time and you will be able to do your own preliminary inspections and estimate a rehab in less than 30 minutes.