I just finished a system that automatically generates leads and analyzes them.

When I analyze properties, I look for decent cap rate, ConC returns and cash flow.

It is not an easy market to get my foot in the door but I'm thinking of it as a long run, will continue to analyze deals until the right one comes up!

Here is a short term rental in Newport Beach, CA. The property will be needing some rehab, although I am not great with determining the number for a rehab. Appx annual income according to AirDNA - $171,754. I personal...

Basically how I analyze deals, I work backwards to find out what price I need to get the property at to get all of my money out. 

View report*This link comes directly from our calculators, based on information input by the member who posted.Hi Guys I am geting practice analyzing deals.

I understand the concept of having your contractor go in and getting an itemized scope of work, estimate materials and labor, but by the time this is done, one of you other OOS investors already swooped in and took the deal ;)   As we all know...a good deal will go quick, so I think the skill of being able to quickly estimating these rehab numbers when analyzing a "good" deal,  especially being out of state, is absolutely critical. 

You should get used to fully analyzing deals to know if it is worth it or not.

Where can I find properties in my area to analyze.

I feel comfortable I can analyze deals and close them, as ive done the smaller ones and have read enough about the bigger ones to have a good idea of what I am getting into.