What kind of things do you look for and how to you figure what the possible rent/cash flow post expenses are going to be.

When I am analyzing rentals I figure out my Max offer based on what I want to end up with for monthly cash flow then I work back words.

Here's my situation: I have a good job and a six figure w-2 income, as well as an 800 credit score.

I am as green as they come, but very driven and currently obsessed with figuring out how to work Real Estate in my local area.

The department store model is shrinking size as they figure out how much business is online sales and how much is in store.

I would like to learn it and was wondering if you please would be so kind and share what websites you use to figure out if population is declining...Or economy in this or that area is growing...IS there any website that I could get that info from?

James:Yes, I'm sure area and rents will figure into the equation as well ... and bad spots in Detroit may be a little tougher than our bad spots.   

Figure out estimates for rehab while doing a walk-through4. 

So trying to figure out a way around that.

I figured there would be at least a minimum of 10%, but now I'll be sure to have 20%.