Use tools like MLS, Redfin, BiggerPockets calculators, and Zillow for cost and income estimates, and enhance research through networking.

Hey Loan, I get it—trying to find cash-flowing deals in the Bay Area is like searching for a needle in a haystack.I’ve been investing in Detroit for a while now, and it's one of the few places that still offers great cash flow opportunities.

Specifically, I’d love to know what resources or tools you use to:Track market trends (e.g., shifts in pricing, demand-supply changes).Analyze local or regional real estate data.Identify key economic indicators impacting the housing market.Stay ahead of demographic changes or migration trends.Do you have any go-to platforms, datasets, books, or even strategies that have been especially valuable?

I've searched all over and havnt really seen anyone else doing this or talking to much about this approach...

Generally, the fees can range from $500 to $2,500 or more, depending on the specifics of the loan and the attorney's rates.Here are some common fees associated with loan document preparation:Promissory Note and Loan Agreement: These are the core documents, and the cost of drafting these can range from $300 to $1,500, depending on the complexity of the deal and the lawyer's hourly rate.Deed of Trust or Mortgage: This is often required to secure the loan against the property and can cost an additional $300 to $1,000.Title Search and Title Insurance: If you’re using title insurance or require a title search to secure the loan, this can add another $300 to $800 or more to the cost.Other Documents: Depending on the type of loan (e.g., hard money loans, commercial loans), you might need additional documents like personal guarantees, collateral agreements, or an escrow agreement.

doing a quick rental search nearby, looks the going rent for a 2 or 3 bed is between $1.35-$1.41 per SF.

Quote from @Michael Zimeri: Hi Marise,This is Michael from Coldwell Banker UAE.I have been in the BiggerPockets community for a few weeks now and from what I have seen is that this community and tools are mostly oriented towards the US market.Regarding analysis for Dubai, I would more than gladly guide you through the Dubai market if you wish!

I did a MLS search, and there is definitely nothing close to what you have in your neighborhood. https://www.zillow.com/homedetails/1066-28th-St-Oakland-CA-9...

When tenants aren’t able to achieve long-term success, they’re more likely to move out in search of a more favorable location. 

This will help you in the long run, as you'll find your agent experience will be a blessing & a curse:- Blessing due to your understanding of MLS, searches & contracts.- Curse because MUST change your agent mindset.