I am in the process of analyzing a fully occupied quadplex in a rural community in Iowa.

The smaller tenants and less sophisticated want gross or Net leases. if you get a bigger tenant, they can handle NNN leasing.You need to come up with a process that analyzes both USE and USER.

Are you using any type of spread sheet to analyze the deal?

Would it be a good idea to even start analyzing properties?

I am currently pre approved at 5% and have been analyzing deals with this figure.

You can also look up median rents in any city with census data but I believe that is a inclusive of all housing types, sizes, bedroom/bathrooms, etc. so I wouldn’t use that to analyze a specific deal but not a bad option when analyzing markets. 

My agent can find the deal but I still do my due dilligence, analyze numbers and get an independent inspections.   

Analyzing this property a few ways: flip, STR, LTR...open to BRRRRThe linked report is to renovate the existing floorplan without the changes to the floorplan.Fast facts:1600 sq ftCurrently a 3Bed/1Bath; 1 bed and bath downstairs, 2 beds and 1 extra community area upstairsOriginally a 3Bed/0Bath; eventually someone added bathroom, laundry room, and mudroom (all downstairs; addition is vinyl-sided exterior)Full reno neededSpecifically interested in feedback on any of these points:Did I miss anything?

Certainly, it is crucial to know the market you are investing in; and one of the most important factors to analyze in a market is the population.This being said, you should only be investing in a market where the population is rising steadily.

View report
*This link comes directly from our calculators, based on information input by the member who posted.I'm a bit confused by the numbers. It's a duplex so rent estimator suggested $1950 so I...