People get lost in analysis paralysis mode and i have seen many investor vanishing. 

The BP calculators are a great start for analyzing deals and I have also built my own financial model I help investors analyze deals (have an example on my website below).

I sold it for 169kReno costs 16kSome of the pics were all taken on an iPhone in portrait mode.  

But upon further reading, It looks like if you can prove there is a major safety issue (like a bathroom collapsing from rotten beams or the fact that the house had two fires in 2003-according to the next door neighbor) I might be able to get the ernest money.Numbers on the house.

Clearly, a new model is required in the US and/or to start in another country first.

When you go there, you leave the safety of the public eye and familliar territory.

That is the model I am most interested in at this point.

You never know when some hopped up meth addict will be walking down the street and decide that he needs your money.I carry a Baretta 3032 (32 cal) Tomcat with frangible rounds for added safety in apartment buildings and other close quarters.

That way if my rental rates are off, this buys me time to do some due dilligence and the time for my contractor to look over the property and get me a quote.I have only had to back out of a contract once based on the clause.For a newbie, it may not be a bad idea to have a bit of a safety net.

From things as simple as riding a bike, education in how to ride, safety, etc is important.