My average commercial deals range around  1mil with your average 20 year amort and 20% down / 3 year pre payment penalty ,  5 year fixed and 3 year adjustable until it balloons .

A large house with a pool is going to be more than your average house.50-60k in equity is a good chunk of money to work with if you sell.

What is their average leasing period?.

Last assigned deal was $30k but average is around $15k

So for the average person I always hear you should go visit the place which is obvious however the dilemma that I'm coming to is should you go to the area to get a general sense and then return home then schedule a few viewings then come back again or should you just bid on a house then if they accept it come only once? 

The amount you cash flow immediately will not be much to brag about, but the longer you hold it the larger your gross and subsequently net margins will get (on average).

The average would be 2 visits per month, but it would end up being 1 visit per month during the winter months and 3 visits per month during the summer months. 

Now i've got 11 properties (12 doors) under my belt so I am confident saying I know more than the average person when it comes to rentals in Chi-town

Find a loan officer who is smarter and harder working than average and can lend nationally.

The average rehab $30K-35K.Give the appraiser the comps; addresses, sold comps and your rehab list of the property.