These are both buy and hold investments but one is clearly utilizing the BRRRR strategy and the other one is pretty much ready to move in. How exactly can you be sure the rehab and ARV is determined accurately? Becaus...

Do I need to do this for every property I analyze?

If you find yourself with a money pit, you have done something wrong, first step is to analyze the situation and if need be stop digging.

Spend your time looking for property analyzing them and buying them.

I may come across as a bit harsh here, but if you just bought the business didn't you analyze the rent and tax situation and incorporate it into your pro forma?

For a rehab I’m analyzing, I’m considering to move the furnace.

And then all of that data can be further broken down into its individual parts/history to be further analyzed.

I'm currently in the process of analyzing a property I've found.

As a partner I'll still have to call my GP to see how the investments are going, go to the property every now and then to see how its preforming, analyzing monthly rental statements or quarterly reports.

A friend of mine was doing it and it interested me so he taught me how to find and analyze deals and I’ve been hooked ever since!