Any tips or suggestions for going about finding and analyzing a good deal?

My calculations:_________________________________________________________Income:4 Mobile homes X $350 lot rent = $1400/month $1,400 X 12 = $16,8001 2bed/1bath house X $650 rent = $650/month$650 X 12 = $7,800Total Income = $24,600___________________________________________________________Expenses *Estimated:Taxes = $1,750 YrInsurance = $1,500 Yr*Landscaping = $1,200 Yr*Utilities = $850/month = $10,200 Yr*Maintenance = $25/month X 5 units = $125 X 12months = $1,500 Yr *Capita Expenditures = $35/month X 5 units = $175 X 12months = $2,100 YrTotal Expenses = $18,250_________________________________________________________Net Operating Income:Total Income / Total Expenses = Operating Income Percent$18,250 / $24,600 = 0.741 - 0.74 = 0.26 = 2.6%Net Operating Income Ratio = 2.6%______________________________________________________Cap Rate with current asking price:Cape Rate = NOI / Property ValueCap Rate = $6,350 / $260,000 = 0.025Cap Rate = 2.5%___________________________________________________________Cap Rate with $100,000 offer:Cape Rate = NOI / Property ValueCap Rate = $6,350 / $100,000 = 0.0635Cap Rate = 6.4%__________________________________________________________Cap Rate with $60,000 offer:Cape Rate = NOI / Property ValueCap Rate = $6,350 / $60,000 = 0.1058Cap Rate = 10.6%_________________________________________________________Cap Rate with $75,000 offer:Cape Rate = NOI / Property ValueCap Rate = $6,350 / $75,000 = 0.0846Cap Rate = 8.5%

Also do anyone have any additional tips to daisy chain process?

I’m looking for tips and ideas on how to negotiate with seller as well with bank to keep more money in my pocket for security.

I realized after hearing a 'QUUUUUIIIICKKK Tip' that I never did an introduction on the forums even though I have made 1 or 2 posts.

TIP: Check TRULIA to analyze crime rates of various parts of the cityLastly, consider talking to property managers, investors, and contractors working in the market as the last step of market analysis.

I have countless stories of tire hoarding situations, and the most likely cause of stored tires is that the original person who stored them collected a “tipping fee” from some local tire shop and wasn’t permitted properly to correctly dispose of them.

Thanks so much for the tips team!!

Any tips for negotiating with a bank to help reduce the price to purchase based on repairs?

Any tips or guidance would be helpful!