There is a significant crack in an outside wall of the foundation that I still need to have someone evaluate.

@Dave Chengoue there are a lot of opportunities in the area, the main thing is to create your team to help you execute.You also have to evaluate your strategy.

Visit the property and learn about various renovation stages, gain insights from our experienced investors / speaker, and learn strategies for evaluating deals, managing budgets, and maximizing ROI.What to expect:Property walkthroughsReview before photos and discuss transformation plansDive into real deal numbers—costs, profits, and challengesNetworking with industry prosOpen Q&A session to ask anything about the process

In evaluating seller financed notes, there is always a balance between redeeming and non-redeeming factors. 

Also I have not worked out the financing yet. if I just use my cash then the Cash on Cash drops to 8 or 9% and that would be below my Cash on Cash target.Generally speaking and of course just numbers I picked out of the air for reference when running numbers in my head, I am looking for Cash on Cash greater than 15%, high probability of long term occupancy, and no expected major Capex for 2.5 years after purchase and purchase time repairs which I would add into the cash on cash evaluation before pulling the trigger.So there are some more details to be worked out in my head but being it is my first one and only learning what I could from youtube videos I thought I would get some feedback.With all that said, in my head it seems like it could be a good start.Thanks again Jaycee and Gavin for your feedback.

We're also able to evaluate our rates, and keep pace with inflation, on a monthly and quarterly basis because of shorter term leases. 

If you’re familiar with the area or have tips for evaluating properties, working with brokers, or finding good contractors, I’d love to connect and learn from your experiences.Looking forward to being part of this community and sharing my journey!

I try to evaluate a unique property 2-3 different ways, then make a highly educated guess based on my knowledge of the market.

If you're using financing, evaluate how a rate hike could affect your payments.

Thats how you evaluate .