I am getting a clearer picture.I guess the next logical question would be, once determining a good absorption rate and pinpointing new home buyer price point, what filter is most important in your search for profitable properties?

Marc it would be helpful to say what type of property (commercial, residential) and price point average to pinpoint level of risk and cash at play.

There is no hurt in window shopping for properties and even analyzing them as if you were going to buy....that might help you pinpoint what it is exactly you are looking for and where.

You should get a breakout of material costs and labor in their bid.This incentivizes them to work more efficiently or at least does not incentivize them to work at a snails pace.I wouldn't pay somebody hourly unless they are on my payroll or doing a short-term task like cleaning that you can accurately pinpoint the hours worked.

I realize you can research statistics for different areas to try and find ones that are more investment friendly than others but even doing this in so many pockets within such a large city seems like an overwhelming task.Would love to hear some of the strategies that you guys in large markets use to narrow down and pinpoint specific areas to concentrate your efforts on.Thanks

Trying to pinpoint the ARV of an older home would lead to inaccurate results.

If anything, for practice and to get a better picture of my market place and pinpoint where in the cycle we are.As you suggest, admittedly, this scenario would be a bit large to cut my teeth on, alone.

I have yet to pinpoint a specific market in my area that I want to focus my research, and any guidance would be appreciated.

You would need to pin point your comps and do not deviate from your 70% rule.

But the option I love is the (stealth) option where the app will gps pinpoint your location and will give you a list of about 5 houses that you are surrounded by.My goal is to start walking neighborhoods maybe even to my dog with me with my phone and app and then start researching and creating lists for direct mail or find the owners number and call them.