I totally think you should have a general understanding of underwriting to evaluate how realistic the pro forma is.

I usually check in with tenants during that last week to evaluate moving and cleaning progress.

Best of luck and keep us updated on your progress!

@Ana Ngon Commercial properties are evaluated based on financials (or proforma) and not on market trends like residential is.

@Mike TrzaskaCongrats on the progress!

Every deal is evaluated against that ROI minimum2.

It may not be a good rental on paper today, even though we are living in it, but I want to somehow evaluate if it will be a good rental in the future.

I would add that those who invest with us do so for the same reasons.All that to say is I there are three things I believe you must evaluate in this order:1) The Team2) The Market3) The DealWhile the deal should obviously be examined, if you have picked the first two correctly, then the third will be less important.

I also am thinking about keeping a journal of sorts, with my progress, so that I could potentially help other people who have had to walk in a similar path.

Good luck and keep us updated on your progress, and definitely post some pictures of your first purchase.