I’m starting my LLC, have a business plan, and I’m very familiar with the BP calculators.

Driving for dollars seems to be our best bet as of now.

I've never heard of the town and know nothing about it (besides what I can find on Wikipedia and a basic google search), but the property looks promising (it's a mixed use building with 7 small residential units and three store fronts) and the numbers seem to add up when using the BP calculator, even being very conservative. 

And both values must be calculated using software so it isn't any harder to determine their values (besides deciding your safe rate and reinvestment rate).I appreciate the importance of IRR as a form of training wheels since the concept is already difficult to grasp; someone learning shouldn't try to jump straight to understanding MIRR.

So areas like that are not a smart bet compared with more urban areas.

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

As long as you calculate each transaction for it's feasibility then you should be fine.

Per my discussion with him, interest is due monthly based on the balance of the loan, and the HELOC is renewed annually.I’m not sure I fully understand how the payments for the HELOC would be calculated.

What are some of the best ways to get numbers to plug into the calculator or to analyze deals on properties?

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.