I know roughly how you go about evaluating a 1-4 unit, but I don't know if you can apply that criteria to 5+ properties.

Figure the worst case scenarios when evaluating. 

@Sean McKayI don't like to "beat the dead horse", hence no need to emphasize yet again the importance of doing your own due diligence when evaluating  a deal and a sponsor.

Make sure tenant is required in the lease to provide annual financial statements and store sales for the specific property so you can evaluate tenant financial strength. 

At the moment, I am getting an MLS feed through a realtor that helped my family with the last several homes and I will start evaluating properties with a very basic spreadsheet calculator I created.

However, when local Impact is included in our evaluation we enter a completely different dynamic of wealth building.

Use as many free resources as possible to objectively evaluate the market prior to traveling to the market.2.

@Derrick Alexis There are many ways to evaluate a real estate investment.

It's important to evaluate the cash flow as it stands today and not 'speculating' on what it could be 1-2 years from now with a bunch of renovations.

You are trying to evaluate them based on your senses and their living situation, when you should be using their credit reports and employment.