I stress that these are 100% third-party independent deals, I get no commission or referral fees, they are simply big enough deals that there is plenty of space for other people, so it costs me nothing to share the done due diligence.Over the last month, a group of us have been doing due diligence on Zero New Boston (https://lnkd.in/g5bdR56v), Woburn, MA.

A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

Hello BP, Is there a metric, tool or indicator I can use to determine vacancy rates in a specific area before buying a rental property?

As a start work backward from the NOI and determine a cap rate. 

I think the trick is knowing how to determine those up front. 

But ultimately, there's one thing that rates can't fix - supply and demand.There simply aren't enough houses for the number of buyers that want them. 

Along with constant moving.. many of these tenants at least in that market will simply move annually they know the landlords will bend over backwards for a 100% voucher so they just pack up the few things they have an move to a freshly renovated house and leave their old house behind..

Walk thru that exercise to determine you location and market strength.  83 units is a nice size to get started if you plan to Scale. 

@Brian Hudson,I run a turnkey single-family operation in Chattanooga so I’d be happy to chime in.As I’m sure you know, the extent to which a property cash flows (or not) is going to be determined by how levered your capital structure is.

This is currently the only thing I am actually decisive about.I think I'm struggling with analysis paralysis combined with generally being overwhelmed by all of the different metrics and data to look at.Specifically, I'm currently trying to narrow my market within Connecticut, but I am getting stuck on how to determine a "good" market.