But that is far from the point of this post.) first they’ll confirm your $1,000/mo “market rent” isn’t a) BS or b) still too low.

Doing this in person is difficult your first time.

What are your tips on finding and evaluating areas to purchase?

I generally rule out most single family homes as viable rentals, as prices are pretty high relative to rents, so aside from some downtown neighborhoods, typically you do not find large areas of single family rental neighborhoods (a median sale price on a 3 bed, 2 bath home so far this year in Dane County on MLS sales data is at $430k). 

I'm not skilled enough at Excel (yet) to create an accurate proforma for this from scratch.Does anyone know of a good resource for a proforma that would fit this?

I checked this out and it looks overpriced without having any other info.

I hope this helps.

Even if this works.

Please remove this post.

The main thing I see when coming across this is deferred maintenance.