I've got my eye on a few and have done some analysis.

I did market analysis for rents and it was around 650 or so.

For initial analysis purposes I use 5 - 10% of NOI.  

Hi @Kevin Schodrof check out FCI Exchange, they have a lot of notes listed for sale and its a good way to do some sample analysis.

When I ran the analysis and with a down payment it did give me a ROI.  

Re-fi lenders will still want a 60-80% LTV but, done right, you'll get your down payment back, if not even more.For cash flow analysis using the rental calculator, I usually assume a 25% down payment and consider it an "expense" that is subtracted from the estimated total monthly rent. 

I am finally getting over my analysis paralysis and ready to start my journey.

You should always run a through analysis of a property.* However, it can be helpful to weed out a lot of terrible deals right off the bat.As an example,Say you purchase a duplex here in PBG for $200,000 you would need to be able to get $2,000 a month in rent to meet the 1% rule. 

That would be another number you'd have to include in your analysis but if it works it is a great opportunity for first time home buyers to leverage little of their own cash.A simple google search of DCHFA (D.C.

That being said, I have yet to do my first deal, and am looking to get involved before the infamous "paralysis by Analysis".