That price, IMHO, is the one you want to use for your evaluation.

I've been working on some criteria to evaluate out of state markets, and would be happy to share the numbers on wherever you think you'll move.Warmly,TrentonPost Send: Try and attend a real estate investor club in your area.

@April Littleton Take your available time to learn to evaluate house deals, repairs, neighborhoods, etc.Two of the big mistakes I see people make are overvaluing the house, and underestimating repairs.I just helped another beginning investor buy his first house.

When evaluating an investment you don't only look at what money enters your pocket in the short term, you look at the Total ROI and when you figure ROI from purchase until sale, the equity built is surely a factor.

An interesting element to this house is it's a log cabin with drywall finish inside - built in the mid '50s in a town where many log cabins were built at that time.

I am just stating that if you do not include vacancy and maintenance into your purchase decision, you are not evaluating correctly.

I want to connect with people that can help me learn how to evaluate a deal and determine if it is a good deal or not.

My hope is that I can leverage some of the construction and development knowledge I have gained through my field of work into evaluating properties. 

Hard to evaluate cap rate with single family homes.Best,Greg

Get as much deal flow as you can, so you can get experience evaluating the investments.