I understand that for this to have the opportunity to be successful, I would need to make sure this didn't break any lease agreement, but aside from that I'm interested in the details. 

Hey all,I am trying to get into commercial real estate and wanted to practice some analysis before I start syndications and offering on properties.

Take some time to do more research, check out the deals ands "deals" people post for analysis on here to get to know the numbers better and soon enough the real fun will start and we can get back to making real money again

@Matt Snow Wow, someone after all this time finally answered my question in full detail with not only legitimate responses but intelligent ones which are cited sources.

I designed my own software to do this all for me.Here are some of the data you need for each analysis:1 - Current cost2 - Your budget for buying and rehab3 - Your desired profit and/or cash flow4 - Size of the property5 - A comparison between the cost to get in, rents, and/or sold comps for each property6 - Specific location of each property (you need to map it out)7 - Analysis to find micro-markets within the overall area/market you are now analyzing8 - Days on Market for both 4sale and sold. 

Also, would suggest doing a cost/benefit analysis on rehab vs. just renting out. 

If you analyze properly, and buy based on that analysis, any "downturn" should impact you less than others, and in fact, set you up to be empowered during that "downturn".The Risk Controls you put in place, and follow, for the "upturns", should have the same control during a downturn.

If you can get 34% returns on and investment of 13k it seems like a no brainer but there are obviously other details that we don't know that you have probably taken into consideration.If you have fixed mortgages and you are cash flowing $1000 per month with the two you have, even if this one breaks even it seems like a good deal.

Hey McKenzie, My Husband and I are looking for our 3rd and did a BRR for our 2nd... would you please send me some more details like location, pictures and I would be glad to share some of what we have learned and talk deal. 

I am keeping my ear out for group meet ups, and once i find them i will let you know the details.