For calculating this, there is a bunch of methods, first months rent is easiest to understand and execute, but might not represent how much work you put into the deal especially if the tenant is very picky or gets denied.

On smaller deals like this, the valuation is determined by the market demand as appraisers use the sales comp method. 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

For "seasoned" investors, its not a true issue since they would have the reserves to handle it.One technique to try is the "brrrr" method. 

I guess, to get to the point, do you know anyone personally who has successfully purchased a property subto or seller financed one using Pace's contracts and methods?

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Goal is to keep things small and scale up to large apartment buildings and/or use the "stack" method taught by Brandon Turner.This post now has me more interested in Indy.

So, even if you agree you still don't have a clue regarding how the best way is to obtain those leads and you don't know what the best method is to contact the owners of those properties.

Look at every method you can for reducing taxes, income and property taxes.