If buyer does not pay I can evict (and not foreclose, since it is a lease)Can anyone please briefly evaluate any possible drawbacks?

So, if you don't have a good eye for assessing such flooding risks, regardless of what the maps say, I'd suggest you first ask an inspector to evaluate the area during inspections (if that's what you usually require and don't do them yourself) or get a spot elevation and comments on the area from a surveyor.....if you are concerned about flooding.

He's right...with a big enough down payment, most things will cash flow at market rents...That said, cash flow is just one metric to be used when evaluating a deal, and used alone is pretty meaningless.For example, if I said to you, "Would you rather have $1000 per year in cash flow or $10,000 per year in cash flow on a particular property, which would you choose?"

I thought I implied I understood it to be an evaluation tool of sorts, a sifting screen through which poor investments didn't pass.But you buy a property... first year, no one moves out, no big repairs... your Gross rents were $15,000 and expenses were $4,000 with another $4,000 towards your mortgage and interest.

Hey guys,Please help me evaluate this property.

.), 650 as an evaluation fee, and the kicker, 1600 for a site visit.

I heard about people who spend their time evaluating deals for investors but I wonder what their job title is?

I like your idea of setting a profit goal and using that to evaluate the purchase to see if the property can meet your goals.

When you evaluate any deal you need to consider the holding period and slow periods will be reflected in that local market.

OK, here are some evaluations for your consideration.