Once I've found what I'm looking for, how do I decipher between land, residential, and commercial properties and so on?

I just went to the courthouse to check on this property, and it had already went to sale late last year. They gave me the what I assume is the outcome of that sale. I have a few questions before I go any further, and ...

I am trying to decipher if the monthly loss is worth the equity and resale gain. 

@Bryan Patterson-  That's hard to decipher, as I/we don't know additional facts that would make you want to leave your W2 job and jump into the REI pool with no experience and $10K.However, I added some links below that you can peruse to see if your thoughts are in sync with what's outlined in these blogs.http://www.financialsamurai.com/what-should-i-do-before-quitting-my-jo/https://www.biggerpockets.com/renewsblog/2013/07/19/quit-your-job-real-estate-investing/https://www.biggerpockets.com/renewsblog/2013/07/1...

Do you think it'd be better to add more analysis on spreadsheet 2 to decipher monthly vs annual to make it more clear?

Then build from there, hopefully working with the market cycle swings as this post is trying to decipher.

As in any transaction, I helped decipher the prelim title report, HOA docs, warranties and disclosures, but Buyers should read those carefully anyway.

I would recommend that you learn how to run the numbers on a rental property to decipher the 'real' from the 'fake'.

I got 2 hits today.. some of them I think are just in the middle of daisy chains and don't really know that they are being used. ( so just totally wasting their time).But many are the Nigerian type scammers just hitting you for small bucks  500 here 1000 there.the fact that the guy showed up is strange.. and to pay for an appraisal in cash is strange.. who ordered the appraisal.. one thing you could do is get the appraisers name and license number and make sure they are real.. maybe its a fake appraiser and they are just scamming small dollars in a different manner.When I had my HML shop in Oakland  it was a full time job deciphering how these folks were trying to scam us..

Eventually once that becomes second nature you can quickly decipher which properties are worth your time, or at what price they start to make sense.Best of luck!