Advice for evaluating the deal once I find out more information?

I'm very new to REI and I'm having trouble understanding how to think about the numbers and evaluate a property.

It works well for the initial 'back of a napkin' phase of evaluation though it doesn't give you a clear picture of what the house is actually going to cost you long term.Does that clear things up as to my perspective on CapEx?

Business To Do List:1) Find Your Team2) Evaluate the market3) Find a great Property4) Assign a Valuation to the property5) Establish a property plan6) Develop a budget7) Manage the propertyI am not going to break down all the steps here and now only because I want to put full focus on the current steps that I will be working on.Step 1) Find your team:I found a partner already.

I want to know how a pragmatic, numbers-driven investor can gain expertise, or find experts, to turn around my property evaluations and offers in days, not weeks.

I am evaluating the multifamily market in Lexington, KY for value-add potential.

There are other categories of accredited investors, including the following, which may be relevant to you:any trust, with total assets in excess of $5 million, not formed specifically to purchase the subject securities, whose purchase is directed by a sophisticated person, orany entity in which all of the equity owners are accredited investors.In this context, a sophisticated person means the person must have, or the company or private fund offering the securities reasonably believes that this person has, sufficient knowledge and experience in financial and business matters to evaluate the merits and risks of the prospective investment.

One of the big stumbling blocks I see with flippers is - they don’t evaluate well and purchase at too high a price.

Again not a right or wrong answer, just what works the best for the owner.We also work with many on the front end evaluating properties to purchase and then executing the purchase process together etc.