I have been using ChatGPT to generate Scope of Work, explaining the step of the building.I am a general contractor and i can say that it generates great scopes .I also used it when I made a Google Sheets calculating chart for generating formulas that I didn’t know how to type.So awesome!

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

I looked up the definition of intrinsic value and found this and wondering if there are any specific differences in the real estate category as you are using it: "In finance, the intrinsic value of an asset or security is its value as calculated with regard to an inherent, objective measure.A distinction, is re the asset's price, which is determined relative to other similar assets."

Be conservative about your numbers... calculate worst case scenario.

Last year I got curious and set about calculating my net worth.

For example, I have been informed from a couple of banks that even though my current Airbnb totally offsets the mortgage, they will not take the income from the property towards the DTI calculations but rather take the gross income from the Taxes filed and consider the mortgage amount as an expense, which was hard to understand.

I hear that I should utilize cost segregation to calculate my depreciation in this first year of renting, but every calculator I find starts with the question "How much did you pay for the house?".

If it's an opportunity - regardless of the size of the property - it's an opportunity.Start kicking the tires...the market will tell you if you can do what you're thinking about doing.Best... we have indeed started looking around with the help of a realtor and got pre approved. we also have a basic cash flow calculator and research done on the areas we want to invest in.We came to our senses when the almost all calculations were showing negative cash flow due to higher interest rates and property prices.

I live very minimally at home currently, still with my parents, so I would only be spending about $350 a month total, including the loan (assuming I can get it for the time period I calculated, which is 3 years), so I would still be able to put aside about $11,000 for school, a car, and the downpayment for my first deal. 

Don't know anything about them but per my calculations they are taking 27.2% of the capital appreciation on the New Braunfels deal at the end per their projections which seem optimistic in this oversupplied environment, (Austin MSA with largest new multi-family projects coming out this year in the country ,8% of total existing stock and already seeing rent rate declines of near 10%in the city so far) and they are taking a big chunk of the monthly cash on cash as the preferred payouts for their 3 different classes are well below the projected cash on cash total.