I'm not in your market, but the steps for analyzing any market are pretty much the same.

Hi Kislay, see if you can help analyze this situation. 

I recommend working with an investor-friendly agent to help you figure out the market first before analyzing any deals.

That is something I will keep in mind once I start analyzing more properties, it is good to know that there are properties that might not work with an FHA loan, but might work with a conventional loan and I am aware there are other types of loans I'm not yet familiar with but excited to keep growing on my knowledge.

Carefully analyze if the potential rental income can support that level of financing costs and operating expenses.Get realistic projections on expected occupancy rates, average nightly rates, operating costs etc. from experienced short-term rental operators in that market.Calculate the debt service coverage ratio (DSCR) lenders will require based on the projected net operating income.

I have analyzed tons of syndication opportunities and the name "Simple Passive Cashflow" would be a pass right off the bat. 

She'll be a partner and manager in the LLCs and could take on more of the searching, analyzing, PM managing as the portfolio builds.

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*This link comes directly from our calculators, based on information input by the member who posted.

But I want to hear from the more experienced folks, how are you guys able to accurately analyze rehab costs?

BiggerPockets also has a calculator you can use to analyze deals and I highly recommend you start this as soon as possible, even if you are not ready to buy.