Hello, new investor here and I would love some help evaluating a deal.

Looking to evaluate if that can be done with both partner's having a sole prop/sch e, with each partner splitting all income/expenses 50/50.

A lot of wholesalers come across this deals, but have no clue how to underwrite or evaluate them.

Home affordability in your area should definitely be something to consider, however, also evaluate if there is enough supply compared to the demand—and if the area is desirable. 

Re evaluate in a few years when you've gained some advantages over your competition.

When evaluated on the basis of these factors, Kansas City is strong.

Has anyone used their deal evaluation service?

I have run the numbers, built models, evaluated pro-forma, but I am still nervous about my assumptions and my assessment of the market condition.

I was reacting to your comment that you would struggle to finance this deal and that the value of the building is between 2.4 and 3.5$M..if you could buy-out the partner maybe financing through hard-lenders at the lower evaluation and then work with your mother and aunt to sell at the higher price that could be a great way to "flip" the property and then reinvest in a smaller property yourself.There are a couple of watchouts, including the fact that Hoboken is a declining market (at least according to Zillow and my personal observations) and that hard lending is a more expensive way of financing, but if you can make it work it could be a very lucrative flip and it would leave you with the cash needed to invest in another property somewhere else...Hoboken, similarly to all the NYC area, is very expensive and tough to have a good cash flow

I’m using the BiggerPockets calculator but am unsure how to evaluate the mobile home.