I would have an engineer analyze first and do the work they recommend.

There are just numerous variables and calculations you must analyze to check. 

This would allow us to have a clear bird-eye view of the various data in order to analyze and take decisions Second Point:I would prefer to manage it internally for confidentiality purposes.

Right now I'm just looking at properties all over the place learning how to analyze a property etc but as somebody that is looking to make their first investment, i want to avoid if possible the extra outlays that can potentially come with an older house. 

I will be glad to help you find the right multifamily, run numbers, comps, analyze rents, and together we can see what is the best option for you if that's something you would like let me know.

Attending local meetups, analyzing deals regularly, and continuing education would position you for long-term growth.Good luck!

They are in the field sourcing opportunities, analyzing real deals, and making offers.

I've been analyzing deals looking more at cash flow, but like Dr Aaker, I don't need cash now and I can't become a real estate professional for a while since I'm working more than 40 hours weekly in my W2 job.I had hoped Dave Meyer might have asked more specifics on how you design for equity instead of cash flow.I can think of these ways, but I feel that I am probably missing some of the best ideas:1.

A good indicator of this would be analyzing the HUD Fair Market Rents year over year.

My due diligence process was certainly tightened up after that deal and analyzing properties and understanding what things will cost is now 2nd nature to me.