Be sute all syatems are FunctIonIng Correctly - Before- You Sign On A Tenant

Is that where bandit signs come in handy?

How did you determine what it will rent for?

Two follow up questions(1) If the town does not re-assess on a refi, does it just assess based on its pre-determined schedule for assessing properties?

Two follow up questions(1) If the town does not re-assess on a refi, does it just assess based on its pre-determined schedule for assessing properties?

Once you have a property under contract have it inspected to determine the current condition and life expectancy of all major components and appliances.  

With more signs of slow down, I am holding more and more cash now and more reluctant to jump into deals (unless deal too good to pass up). 

Any sort of shortcut is not to replace a proper analysis and thorough due diligence, but if you're analyzing a ton of deals, a quick a shortcut may be helpful to determine if a deep analysis is warranted.

@Jim Growfer think it's okay to use the 50% rule to quickly gauge NOI and determine if a project is worth deeper analysis. 7% interest is high and yes, that would be a bad deal if you only netted $10k on a $2 million purchase.

@David Ferreras First you'd need to determine whether you want/can be active versus passive investor.