I built myself a calculator to analyze deals and I wanted to run this property past you.

To me, I would analyze lower rents Years 1-2, high vacancy in Year 3, and then market rents in Year 4.

We’re analyzing properties right now with the idea of some immediate capital growth (fix/flip)(BRRRR), and long term looking at value add plays on existing structure or ground up on infill lots we can either buy or become land partners with the owners on.My focus is building, design, buy/sell, project management.  

Ultimately looks like a bit more analyze and consideration might be needed.

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*This link comes directly from our calculators, based on information input by the member who posted.

There are webcasts and tools that will help you find deals to get started and analyze them to be sure they are good ones and not lemons . . . very inexpensive source of education and one "bad deal" woudl more than cover what you woudl have paid for an annual membership.

I’m learning as much as I can about investing while on this one year journey from reading books listening to podcasts and practicing analyzing properties while I have internet approximately once a month for a few days.I’m originally located in Orlando, FL and plan to purchase a 4-plex to start house hacking with once I’m home.Long term goal is to have a portfolio of multifamily properties.

So between now and May I will be learning all I can about the parts of this venture I am less familiar with, choosing properties to analyze and buy, figuring out financing, insurance, taxes, and learning anything else I don't know that I don't know. 

I am looking for and analyzing properties in northern Alabama - Huntsville, Decatur, and surrounding areas for rentals and/or BRRRR.

When I was practicing analyzing a property, I double-counted taxes and insurance because they were included as part of the monthly payment by the mortgage calculator I was using.