It can be as simple as driving by and looking at the yard or a comprehensive assessment of everything inside the unit.

It really all boils down to good estimating and simple math.

Additionally, when I have several projects going, I have to do a lot more accounting for floating checks/expenses than I would need to if I scheduled each electronically.Has anyone found a good and simple method for transferring money electronically that a contractor could immediately see the value? 

It's simple, but hard work.Good luck!

I’m cautious around what I don’t know, and even though my dad has always steered me into investing and is really good at “educating” me, he makes real estate sound overly simple, and I’ve watched him struggle with different flipping and tenant issues that has just added to my fear.I found bigger pockets 3 months ago, and have learned more in 3 months that I have in the previous 20 years about real estate investing!

Benefit Base is also initially $300,000 but this number can only go up, and in this example, it gets 7% annual rollups for the first 10 years (typically simple interest), so it goes up by $21,000/year. 

To zoom out and make it really simple, investors use the cap rate as a divider of the net operating income (NOI) a property produces, in order to determine value.

You have outlined simple steps for young individuals to set themselves up for their first purchase of an investment property. 

The concept is simple.

For sake of simple math, I'm going to assume you got a smoking hot loan at 6%.