If you lack one, the other aspects must make up the difference.

I'm still stuck but I'm thinking stress the time consuming aspect of finding good tenants.

Since many of the aspects of their business are specific to what they chase.There are maybe some basic business routines that successful people do.

I'm sure there are many aspects of this deal that are not mentioned...LOL, Your PM asked for a review of the deal, but to properly advise as to what I would do, I'd need to know alot more about you and the properties.What I see is 2mm for all properties?

I'm new to real estate investment but I'm looking for education and opportunites in the wholeselling, flipping and foreclosure aspect of the business.

., but there are certain aspects of property analysis that I've had to learn mostly from experience.I often think of property analysis in two ways: First is "the paper assessment" (which includes the P/L spreadsheets, the appraisal, SQ footage, data on the local market, and all other info that can be easily conveyed on paper--or at least on a computer). 

Moreover, if the seller is resisting having the utilities on, I'd view that as a HUGE red flag (similar to how I'd view it if someone tried to sell me a used car, but wouldn't let me test drive it or even start the engine).Since correct and thorough due diligence is the foundation of successful REI, I'd be extremely hesitant to buy a property without testing the aforementioned items (unless the property was so heavily discounted that I could replace/fix all of those items if they turned out to be faulty...but even then, I'd be wary).I'd suggest strategizing with your agent on the best way to get the utilities turned on so you can do a correct inspection...Good luck out there!

I love the idea of putting a backyard studio on the corner of the property to really add a unique aspect to this hidden gem.

They're more "mindset" books than RE books, but definitely help with the mental aspect to buying and selling if you're not used to it.And if you do go for a rental: The ABC's of Property Management by Ken McElroy.

Take this real estate strategic investing financial tool into your new years’ plan.Financial analysis helps investors assess risks and opportunities, compare different investments for returns and cash flow, and make informed decisions about real estate investments.Financial modeling includes the following critical components:Income projectionsCost AnalysisLabor AnalysisOperating Cost AnalysisCash-flowsCapital structureIncome projections: Valuation of an asset depends on its capacity to generate future cash flows.