I analyzed a bazillion properties that I thought would be OK but bore down until I finally found one that I thought it would be pretty darned impossible to lose money on.

After much learning and analyzing, we finally closed on our first home this week!

I didn't know about all these formulas that I'm hearing about, or analyzing neighborhoods, demographics, etc.Once I'm comfortable I plan on going through the process again.

I am analyzing another SFR in my area (Virginia Beach) that is an REO listed on the MLS that my realtor showed me.  

I feel like we had over prepared and analyzed prior to pulling the trigger and the rehab occurred early spring which was great timing in that contractors and subs were not too busy yet.  

This is making things difficult to analyze.

A CPA will also be able to help you analyze numbers, ask you questions about assumptions and work with you as a sounding board to make sure you are buying good deals.  

Here are the details you are asking for-By shame on me I mean with a little more digging I would have seen more red flags in the borrower rather than being more weighted in analyzing the value of the property and  LTV ratio.  

Of course, in this theoretical example we don't have any repairs that needed to be done to rent  the units or any vacancy while those repairs were underway...You can use the calculators under the "analyze" tab at the top of the page when you have some real numbers.My opinion on property  management differs from Arlan's.

Thanks @Mary B. and @Roland Paicely  I'll play around with the deal analyzer when I get a chance.