Hello BP Community,I did a data analysis on this property as for potential rental property. But I'm a newbie and I don't know if my calculation correct and reasonable, so I'm asking for your expertise here if you can ...

If the deal is good enough a local investor may be willing to fund it and split the profit with you in some fashion.

I recorded all my expenses this past year so I'm sure I'll do good enough for this tax year.

Tell them you'll give them a few hundred bucks (or more if the deal is good enough) at closing.Keep in mind though that small towns are a lot of work for little benefit because you'll likely never turn up another deal in Edison so you just wasted a bunch of time building up relationships there.

You don't want to quit your job only to discover (as most newbies do) that what you think are deals, aren't good enough to sell.2 hours a day 7 days a week is 3,000 leads a month if you're an efficient caller.

Only way we can probably get in another property this soon would be if we had a child( the need for more room) or the property Is real close to my job which from what I’m told by some lenders would be a good enough reason for the underwriter.

Folks,What do you use to analyze the property to see if is a good deal, a deal good enough to keep as a rental or to sell to a buy and hold investor?

A place for opportunities with high rent returns for relatively low purchase investments.This question assumes you have good enough credit, debt/income ratio, income, etc that getting the loan will not be an issue.  

Atleast until I get good enough / am comfortable enough to estimate ARV and rehab costs on my own.

Just make sure your purchase is a good enough deal that you can refi in less than a year and pay off the HELOC.