Looking at the BRRRR strategy right now and practicing analyzing deals to get a better feel.  

They don't even seem to think in terms of standard bank financing anymore when analyzing deals. 

I work a full time job, but am putting in the time to analyze deals to the extent of my knowledge.  

As I use the bigger pockets calculators to analyze potential deals, for the extra upfront money required to get into the small apartment deals, it does not produce extra cash flow in comparison to what is required for me to continue with duplexes. 

I already owned 1/3rd of this so I only paid 123K (not sure how to calculate this when analyzing the investment).

My estimates on income for the last house I analyzed ranged from $13k - $40k per year.

This is my first time analyzing a deal so I would like to get your feedback on what I am doing right and what I am doing wrong.Property: 3523 Cranmer Mews, Woodbridge, VA 22193 Link: https://www.redfin.com/VA/Woodbridge/3523-Cranmer-Mews-22193/home/9228154Analysis: The property is up for sale for $190K... and comps in the area goes for $225K ~ $250K or $1495 ~ $1600 as rental.

So I use the tools here in BiggerPockets to analyze the property and the property has a positive cash flow. 

Would like to know your experience in analyzing the place and property.

Hey Mark, CAP RATE= NOI/PURCHASE PRICE OR NOI/CAP RATE= PURCHASE PRICE NOI= GROSS INCOME - EXPENSES So, you should look for the NOI of the deal you're currently analyzing and divide by the purchase price to get your cap rate OR if the listing agent provided "their analyzed cap rate" (which is incorrect half of the time" i would do NOI/CAP RATE SHOULD EQUAL PURCHASE PRICE.