For instance, in some areas, property taxes are assessed at a lower value than what properties are selling for.Getting an appraisal would definitely give you a more accurate picture, especially if you’re planning to make this a long-term rental.

The information contained in this post is not to be relied upon.

You need to follow up and follow more.

I've found that the best areas for the investors I have worked with on BRRRR properties are areas like Center Point, Fultondale, Gardendale, and Pinson areas.These areas are solid and aren't in warzones like Fairfield or Tarrant but will also produce you cash flow and equity unlike cities like Hoover or Vestavia.

We are wanting to branch out into some of the smaller towns surrounding Longview and would love to meet investors with experience in the smaller more rural areas. 

Plus managing tenants is a bit more time consuming with this model. 

This book has great information on how to evaluate deals and will tell you about the metrics you are asking.

Quote from @Virginia Frost: I'm always looking for a good opportunity but honestly my next purchase will probably be something that I don't have to do a total overhaul on.

Try https://www.calculator.net/ren... or this one in the BP Fileplace https://www.biggerpockets.com/...

Stop making Ira contributions as you’ve learned real estate is a better investment.