Does the initial evaluation of the bid happen by computer only?  

this technique was a lot more popular about ten years ago , basically you would want a cash back if some of the renovations would not be done.I never did one myself but heard a few people who did, cant tell you if it's legal or not though.that being said, the schl and the bank will evaluate the place and see if it's worth that price.how is the wholesaler getting paid?

Any advice on proceeding w/ a preliminary evaluation prior to seeing would be much appreciated.

We evaluate deals in all 50 states, and what I've developed is similar to @Chase Keller, which is two spreadsheets - one for initial screening, and another for a fuller, more detailed analysis. 

I've looked at some CoStar reports and they seem to anticipate this year being the year, but with how the markets have progressed, I take everything with a grain of salt. 

Once you give yourself a good foundation, you literally have to fight the momentum if you want to stop progressing.

Post on Facebook that if they know someone looking to sell ask them to reach out to you first.Don't get down...it just slows progress.

Originally posted by @Rich Thomas:I read a thread on here saying that your positive cash flow is taxed seperately at your tax rate...didnt make any sense to me...We have a progressive tax system.  

I have already evaluated the deal and recognized it is a great deal.

My mortgage + Principal + Insurance + Taxes & Condo fees = $2,144.62 ($1,719.62 + $425 = $2,144.62).The condo which is currently rented for $2750/month, so I make around $605.38 per month.I am evaluating the possibility  of refinancing (Or using other type of financial instrument) to buy another investment property.Is there any advice that you can provide in terms of using a financial instrument to buy another property?