I’m fairly new as well and trying to dive deep into everything before my first purchase.

Pretty deep for no equity, IMO. 

This property is so deep into negative cash flow that it is not a investment by any stretch of the imagination.

Took the plunge a few months ago and boy did I jump in the deep end. 

The sample looks a lot like the seller (or seller's agent) found some calculation online and punched it into a formula ignoring performance in real life.If you're a potential buyer looking at investing in this property, take a deep breath and take a step back.

Before I dive back deep into the search process, I wanted to test out my BS radar from a listing and post it here just to make sure there isn’t anything I’m missing.

Please let me know your thoughts or places to go to deep dive this myself. 

But it's going to be riskier not being local, you'll have to have team members you trust more than you trust your family, and if you are a new investor...that's really jumping into the deep-end.Again, doable.

I won't get too deep in the details but I had an appraisal done on the land with a proposed house on it and it came back pretty good.

They're often interesting and sometimes pretty deep for their brevity, but ultimately they are as forgettable as a Justin Timberlake song.