@Chris Martin Happy to connect you with my contact at Velur to learn more but they identify parcels adjacent to existing solar development (or residential, warehousing... different zoning options for diversification) and do the analysis on value, easements, zoning viability for development etc...they take their cut up front in the sale then when you get an offer for purchase down the road they help review the offer as well.

If you switch later, that is another set of problems.When entering a transaction is easy, but trying to balance, analysis reports is a challenge - Now is the time you need to take an accounting course - learn debits and credits and more.Pick and choose wisely.

This is a fairly new offering as the bank is itself in its early stages of growth. 

Happy to provide a quick analysis. 

Even if you bought with all cash and did ZERO renovations or capital improvements, just with the missing expenses mentioned above, your cash-on-cash return would be closer to 6-7%.You should re-evaluate the complete analysis to see for yourself.

I'd be happy to walk through your analysis a bit more and provide some on the ground insight on your findings.

After 45 + years investing in, purchasing and selling notes and real property; structuring “deals”, running investment funds and syndications, I have observed that many (most) investors both hesitate too long gathering too much information before making an offer AND do not do enough investigation, analysis and due diligence before they finalize a purchase.Seems like opposites, right?  

For preliminary numbers analysis, I’m using an online calculator available at this website: https://www.calculator.net/rental-property-calculator.html.

As for myself, I have been an agent for 8 years and have been dealing with tenants and tenant screening ever since I started so for me it's something I'm good at, have systems in place to minimize the time it takes from my day, and is something I couldn't imagine paying someone else to do for me at this stage of my investing "career".

I use Zillow and the Rental Property calculator on this site to do all of my LTR analysis.