This is done through a series of questions that will enable you to do the research you need!

I am a Real Estate Broker in Texas and I mainly just sponsor agents and agent/investors to enable them to have their own Real Estate Brokerage.

Assuming your loan is HAFA-eligible, or otherwise eligible for getting pre-approval on a sales price, the most important thing will be to try to get the BPO to come in at a low enough number to entice/enable your renters to buy it.

We are not taking a fee, we are extracting a spread out of the middle.

Analyzing both operating and capital is key and determine if the unit has a rate at normal for market, higher or lower.Q2 - I would inquire about actual cost paid for the unit, how was it financied at time of purchase  and the financing terms(can be used to extract a Cap Rate).

A simple $500+/mo from one renter will be life changing. 2-3 will set you up as if you had a good paying 2nd job and enable you to buy a new primary next year. 

But you have to WORK the meet & greet period, then be honest about where you are now, and what you’re looking to do in which specific neighborhoods [do your homework on local neighborhood value trends, time on the market, etc. so that you come across as someone worth a mentor investing her or his time working with]My local club was poor so I drove 3 hours to the nearest metro which had several, back when I was starting out as a wholesaler before law school enabled me to move up to commercial.

It is important to understand the basics (which should be easy based on you background), but solid educational foundation will enable you to quickly analyze properties and know in a matter of minutes if a deal requires further analysis.  

So now he has hundreds of thousands in equity and never paid more than a couple hundred a month to live in a nice house and hood in LA for the initial years and today makes easy $1000+ monthly cash flow.That LA house hack move also enabled him to buy more rentals and storage units very shortly after his initial 3/2 purchase. 

The company was built by a team that has purchased and managed thousands of single family homes and felt there was a need for a tech enabled and highly transparent marketplace.