Sellers think THEY determine the asking price.

It seems like you have done that (roof) which is good news, sometimes it not as easy to determine.

However we are having trouble determining a strategy – we go back and forth between in-town lower income neighborhood with potential revitalization OR way out burbs (Canton/Woodstock) with good school systems and lower taxes.

how would you determine  the monthly payment so it makes sense for the amount of rent in the area.

What is the best way to analyze/ determine if this property is a great investment? 

Often they will be going over the books to determine the extent of the theft. 

Just as determining financing.

This should help you determine whether you are satisfied with the resulting cash flow after you subtract mortgage, maintenance, etc..As for finding tenants, you can put up posts on Craigslist before you even purchase the multi unit properties and collect as many possible tenants.

Knowing how you would fund the project is paramount to the next steps.After you've determined a preliminary funding scenario then meet with an architect.

I am basically in the stage that I have determined to get into RE just need some money but not sure how much to get started as well as which route to go!?