If you don't know what it will rent for or how many days per month you expect it to rent, you can't even start to evaluate whether it would work as a short term rental.

Something almost always comes up and that helps you be realistic when evaluating deals, securing financing, etc. 

Will add though, that a good PMC will immediately alert an owner about what their property really is and the expected challenges.Unfortunately, a decent portion of the time we do this, owners either don't want to believe the Evaluation Video we send them or decide to sell.

., missing property taxes or HOA fees), unreliable rent estimates, and the time-consuming process of manually calculating metrics like cash flow or ROI.Platform Preference: A web-based platform would work well for in-depth analysis, but a mobile app would be crucial for on-the-go research and quick evaluations, especially when touring properties.Wish-List Features: A tool that integrates local market data (rental demand, appreciation rates, or vacancy rates) and offers scenario modeling (e.g., "What happens if I increase rents by 10%?")

I’m always looking to improve my process and would be happy to share some insights I’ve gathered on deal evaluation and contractor management.

To evaluate Real esteate deals for creative financing, start by identifying seller motivations i.e. financial distress, desire for passive income, do they need a downpayment on their next house, etc  and property factors like equity or existing financing terms.

Also, you can evaluate today's deal whereas you can only speculate what deal may be available in 10 years.

I still use the checklists/grading system for staff evaluation.

If you find this is the case with a property you’re evaluating I would run away not walk as this can be a huge problem for future cash flow.

Any thoughts on how to choose - what metrics to evaluate, resources to read to help?