In value-add deals, typically you are looking at ability to move yield (going in cap rate vs stabilized yield, and making sure that delta is large enough), IRR, equity multiple on deal, and maybe average cash on cash over hold period.  

Money is a tool to create a lifestyle.  

Tools? 

Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proThe site has quite a few tools that can be helpful for new members.

We cut him loose early, but not before we paid him $11K of our hard earned money, he made off with some of our tools and equipment, and about $2-3K in damages to our property.We underestimated our rehab.

I'd recommend using the networking tools here on BP, FB groups focused on investing, and the Meetup website.

I have heard that these homes don't last as long as traditional homes and depreciate in value pretty quickly.Look forward to hearing for you all :)Jamie

@Mike Toole Just as @John T. said, the offer to pay several months of rent in full upfront is a red flag.

Market conditions are differentPurchase and Sale agreements are written differently Lenders have different underwriting criteria, etcIf you have cash saved, next step is to build your team in the market you want to be in:RealtorMortgage LenderInsurance BrokerContractor/subs if you are not doing your own rehabAs long as they are good, those people will be invaluable to you and ultimately make you money.

The VA loan is such a powerful wealth building tool when used correctly.