It's crucial to understand the financials and market trends to gauge the potential value of a property accurately.One key aspect is the cap rate, which is a big player in determining a property's value based on its income compared to its price tag.

I usually look through several places but one of the most consistent tools I've used to do a quick check on potential rental rates is Rentometer.

I love the energy & message of this post. 

That includes potentially checking out multiple brokerages in the same franchise. 

I'm curious for those of you who currently own investment properties in those areas: Are you worried about insurance premiums skyrocketing and potentially being left without property insurance (like some places in Florida)?

Income potential, location and price of property How did you find this deal and how did you negotiate it?

This is not worth the 27200k in potential profit plus taxes.Don't concern yourself with the 1% rule. 

I also have a 300sqft detached garage which I keep all my tools in, potentially could convert that.

ive got a potential seller with an existing mortgage left over of 190k an the home arv is abt 310k how would i go about my offer price formula with the existing mortgage? 

You will learn alot of lessons quickly, build wealth, and potentially lower your cost of living.