Bigger pockets calculators or make your own in excel/ google sheets

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Entity structuring, basis calculation (i.e. breakout between building and land), deductible expenses, etc.

If anything, I'm able to be a resource for them because I've read the entire book and have access to calculators here on BP to help them run analyses.

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

I also think this is a really important number to know going forward due to calculating holding costs! 

Super helpful in finding potentially motivated sellers and calculating ARV quickly.

Additionally, I created MEC (Material Estimator Calculator), a unique residential renovation software that automatically calculates a bill of materials (BOM) based on the property’s condition.Overall, I’m thrilled to escape the Seattle rain and connect with fellow investors here in Arizona.

Here's a bit more in detail about how rates are calculated for DSCR loans:1.