They are constantly evaluating deals, meeting with syndicators, and vetting them.

Returns might be better in the short term with a bridge loan, but there’s uncertainty with future debt terms in a few years, since nobody knows if you’d be able to refinance with 3% interest rate or 5%, for example, and that can significantly affect your bottom line.Factor #2: P&L AnalysisProfit & Loss (“P&L”) statements are also important factors in evaluating a real estate deal.

This is particularly true if you don't have relevant investment experience, and this is the lender's first time working with you.To get the lowest rate possible, your best bet is to speak with a number of lenders and compare terms.I would also add that you should be evaluating the total cost of capital, not just the interest rate.Best,Michael

All I need to bring is the closing costs and the rest of the renovation budget, which I’m considering a private lender for.I want to make sure I’m evaluating the property correctly, before I place an offer and find private money to complete the deal.

Tons of threads on BP to review4) choose a sponsor (or several)5) evaluate their offering (this step assumes you already learned how to read the OM and evaluate a deal)6) take actionThe important thing is not to jump on the first opportunity presented but take the time to evaluate several to be well versed and understand what you're investing in.

evaluate every house you look at on its own merits, dont assume why it is sitting. 

If you are not using it and enjoying it's other non-financial benefits, then yes you might want to re-evaluate it's ROI.  

@Ben Chapman It sounds like this one deserves some solid evaluation.

Can I get other eyes on the numbers for this deal? It looks like its very good, however I am new and probably missing something.Description/location:2 quadplexes in a college town, <3 miles to a centralized campus ...

If I were a better coder, I'd grab rental listings and make a neural net to evaluate rental comps for any given property to get a more accurate picture than zillow.