Hi everyone,Been researching for a long time between podcasts and reading books, but finally jumping in tomorrow and going to see my first property.

Finally, read the Bigger Pockets show notes... when they have a guest on who also has a podcast, they list it in there as well as their blogs.Best of luck!

Using it for setting up some investors for a friends real estate acquisition and management business.The income statement he gave me to calculate investor returns from lacked depreciation and corporate taxes.Nobody for instance investing in telecom companies, says whats my IRR on EBITDA? 

Set Your Investing Criteria - and once you know your Goals, you can set your investing criteria to efficiently and effectively analyze deals and serve as bumpers on acquisitions. 

Hi BP Community,I've been consuming BP content over web and podcasts like candy for the past 12 months and wanted to finally (formally) intro myself.My name is Jason.

I had my agent run CMA in the zip codes I would like to invest in and for the past 6 months, the sold price were about 15-20k below the final listing price (listing price were between $180k-200k) due to some of the properties are either paid in full and kids just selling off what they got from their parents or military members who are just trying to break even since they got orders and don't want to deal with renting it out or losing money. 

Finally, come up with a feasibility estimate on your costs.

So finally my question, so can I depreciate the newly created building value?  

It takes a dozen or more lowball offers on a dozen or more ghetto properties, of course, until someone finally accepts one.

It's going to be very tough to finance this with $0 down through a conventional or commercial lender.Your best bet is to find private money to put up the $470k for acquisition + rehab and then refinance once the property is fully stabilized and pay off your private money lender.If you get rents to $8k you'll be around $48k NOI so at a 7% CAP the property would be worth $685k.At a 70% LTV refinance you'll pull $480k out to pay off your lender/closing costs and have $0 into the deal.This is obviously assuming the seller is carrying anything above the $400k as you had alluded to.Also I don't know the going CAP in your market so this is all just a hypothetical BRRRR example.