I’m considering amulti-family property in the 76104 zip code of Fort Worth, TX, and I’d love your feedback to help determine if this is a good deal.Property DetailsAsking Price: $169,999 (seller says it’s negotiable).Current Rental Income: $2,400/month (duplex is vacant).Configuration: Combination of duplex and triplex units.Some units are rented at below-market rates.The duplex and need rehab.Historical Income: Seller claims it previously brought in $5,000/month when fully occupied.ConditionBuilt in 1934, so it’s an older property.Some permits were recently pulled (e.g., plumbing, window replacements, and sheetrock repairs), but it still needs work to get the vacant units ready to rent.It’s located in a neighborhood with a higher crime rate but also near major highways and areas with rental demand (e.g., downtown Fort Worth and Texas Christian University).My Goal:I’m focused on cash flow, and this property seems like it could work if I can stabilize it.

This year, I’m determined to jumpstart my portfolio and would love to connect with wholesalers and lenders to collaborate on deals. 

One question that I'm pondering is, even with the positive growth, how do I determine rental demand in the area?

You have to follow the interest tracing rules to determine the deductibility of interest.

That way, you are picking out the best of the bunch and keeping the peace with the others.  

I want to become really good at analyzing deals, and determine the markets I should focus on.Are there any resources aside from this forum (books, journals, news publications, podcasts) that you recommend I use to learn more?

@Mindy PerryReally doesn't matter what software you pick as long as it has the features you want.Two biggest challenges with ALL software:1) None are perfect, so deal with the tradeoffs2) Most users rarely put in enough time to really understand how to utilize the software.

I would strongly advise against using an app that the tenant picked, especially considering they are only willing to make partial payments.I use a trusted property management tool to collect rent and I never allow partial payments.

That would determine if its your property or just the market.

My client had some things come up that prevented her from executing, but these were some of the options I had put together for her, a regional bank, a regional CU, and a national bank.Reminder that NOI sizes CRE debt, and that's often what determines the down payment requirement, not anything to do with the client or particular lender, just the property itself.