My first investment was a condo, and I wish that I would have either waited to save up more or taken on a project to buy a single family home.

NOI x CAP RATE = purchase price Simple example: $100,000 x 9 = $900,000You can then use pro forma numbers say after you raise rents, fill vacancies etc to project future value if you wanted to sell later on. new NOI x higher cap rate$130,000 x 10 = $1,300,000$130,000 x 11 = $1,430,000and so on.

Building your network might help you learn new things and get more possibilities.To obtain practical experience, if you're new to real estate investment, think about beginning with a smaller project.

Additionally, I aim to refine my approach to financial analysis by adopting a structured formula for calculating investment metrics tailored to my investors' needs.

Each strategy listed above requires different experience, risk tolerance, network/connections, project management and initial capital investment.

.)- CRM for your sellers, buyers, properties, team members (agents, lawyers, title, etc)- lead fallow up system with access to call recordings, email and/or sms, tracking number of touches- ability to track KPIs (key performance indicators) of a given campaign (cost/benefit analysis)- delivery system for campaigns (direct mail, ringless vmail, sms, email, cold calling)- ability to add, manage and assign staff to tasks and projects- add tasks to calendar for assigned staffasking for a friend  :^)

A very good source of local analysis is rereport.com

It was an obvious value add project.

I'm in San Antonio but I have multiple projects in the DFW suburbs. 

Based on my projections I assume I would earn a negative cash flow between $400-$1,000 annually lol.