Go through the pictures on things on MLS and just start analyzing deals, driving by and going into the preview with soft numbers to firm your perceived assumptions.

@Frederick Kirk Wendel, I am sorry but I am having a difficult time understanding the question so I will make some assumptions on information needed in order to form an answer. 

Don't want to make any assumptions. 

That seems fishy, make sure you do your due diligence because my assumption is that there is a lot he's not telling you.

As I believe here is typically where I might put it too high)8) For Management I put 8% or 10% which is what my broker/manager will charge me.9) For future assumptions I put 1%, 2%, 2% for the first three columns, then for resale I put 8%So that is basically how I have been using the calculator, and I haven't found a property yet that I really really liked the results.

The 50% rule is great for quick calculations but properties vary so much it’s important to calculate expenses with reasonable assumptions made based on the properties condition.

I know you said you are from there but have you done a market analysis to back up your assumptions on the future of the market?  

Making another bold assumption about the homes and saying they are worth $10k each, for a total of $70k. 

By no means was it a home run $50k profit flip, a SFH that cash flows at $550 or anything like that, but it is a SFH that cash flows after all expenses (very conservative expenses) of around $176 per month +/- $25 depending on which assumptions I tweak slightlyThat being said - after taking out significant portions of $ and setting them aside for CapEx, Maintenance, Vacancy, and a MISC category (and of course PITI and property management) all of which are running through my model, do you guys actually keep the money aside in a slush fund or separate account or is it for modeling purposes to understand that you still cash flow after all these major and foreseeable future expenses.

I like this framing because then you're using the same assumptions for the initial expectations versus actual performance.