So far I evaluated deals in Alabama and Dayton OH.My assumptions are:25% down loan8% vacancyproperty tax are around 2000 per yearinsurance 1500 per yearmaintenance and cap reserve 2000 per yearutilities - what the current owner is paying property management 10%When I use these assumptions I am getting a lot of properties that will cash flow about 3.5-4k per year.

Also do you know if any multiples to help evaluate it?

I use two unit properties in Allentown to evaluate this change. 

Education, deal evaluation, and due diligence are vital.I hope that people take note that there are a lot of experienced investors here who are advising to be cautious with the BRRRR strategy.

Determine how many deals you are looking to do each year and evaluate that against the yearly cost of holding your RE license.

v=MOBzSKoMoWkI'm in the same camp as @Chris Seveney - I look at the IRR on every deal I evaluate.  

How do you guys determine what is a good CAP rate to use when trying to evaluate a property, in a particular market?

Good morning. My wife and I are new investors. We've been studying for about a year and have identified the market where we'd like to invest and have also decided to focus on condos, at least for our first property or...

That is, I do not want to compete with house prices...My niche is 800-1100 Class B and C value add properties.Are there house price to rent ratios to consider when evaluating a submarket, especially in the rent range above? 

After evaluating the area and the property I believe the ARV to be in the $175k-$210k range.