There's lots to know about Property Management and I find that the majority of my clients don't grasp the ins and outs of it, which can be really costly.

Basically, help me to grasp what I should be looking for to see if a seller's price is too high or rents are too low, or both.

I have a great grasp on it all now.

(roof, cast iron plumbing, electrical, etc) Its also really important to have a grasp on the current lease situation.

There's a business to be made, I can picture it, but I don't grasp it completely quite yet! 

I have read dozens of business and real estate books, and I now feel that I have just the slightest grasp on the fundamentals.

Your section regarding the equity is definitely one where I cannot get a firm grasp on the best course of action given the circumstances.  

Well, I really want to get a good grasp for the business before I dive into it.

I've been practicing by analyzing 1 deal per day and I have a very general grasp on all the factors that must be taken into account and the process, but I wanted to know what everybody else does first and how they identify a good deal before they do a deeper dive.

Don't have a 100% grasp on how this all works, so be reading for some "duh" questions from me.