NOw that it is also a multi family, perhaps the income approach will also better the value after analysis by the appraiser.

I was told they would do an 'after storm' analysis and decide if it was within the affected area and if they would require another inspection.My question is what if there is damage to the property? 

Appreciation will make millionaires (and billionaires) out of certain people reading this book, but your deal analysis should not assume it.

I'm not factoring revenue from selling the homes in to my analysis - my major concern is reducing operating costs.

DealCheckDealCheck offers a free version that simplifies deal analysis, helping you evaluate potential investments quickly.

Conduct thorough property inspections, market analysis, and financial analysis for informed decisions.Good luck!

That's all the location study and analysis you need.

I've done research in finding and analyzing properties so I feel somewhat comfortable in that regard.Here is a sample scenario below of a real property I've done some analysis on.

Our priorities in terms of market is there needs to be- anticipated economic growth (lots of tech companies are moving into Columbus),- prices need to allow us to buy in all cash (400k or less, ideally up to 300k),- we want the area to be safe (when looking into places like Dayton, OH or Memphis, TN for instance it looks like all our boxes are checked on paper, numbers wise but we realized quickly there are a lot of unsafe areas and we could have the potential for problem tenants)- yearly expenses to be relatively low (i.e. we are avoiding NYC and the tri state area, California, etc. for having extremely high taxes).Is our initial analysis on the right track for Columbus?

Talking about LLCs is one of the biggest analysis paralysis pits out there, but what you are thinking is the way to build that credit.