Good luck and don't let analysis paralysis get a hold of you. 

Found this for Reference, @James Wise put together a pretty good analysis which is worth reading:https://www.biggerpockets.com/blogs/4704/42419-cleveland-neighborhood-grades

I'm the founder of a a new take on property management in Sacramento and I'd be happy to help by creating a rental analysis for you (or anyone else), so you can see what market rent might be in the area.Good luck!!

@Tim Heizer, the primary motivator behind your analysis has to be an opportunity cost evaluation.  

What sites have people used to do a macro analysis and understand the area they're investing in?

I did not project this well on my analysis-was unsure as to the timing/process of it all.

Hey All -I'm trying to analyze my first "off-MLS" deal and would love your thoughts. What am I not taking into account and what assumptions would you change? I'm expecting to do a traditional 20% down mortgage (and lo...

I do not want to get caught up in over analysis but I am wondering if there is a reason to not push through to get a HELOC in place before the new year?

I try to use it as a guide, but your full financial analysis should tell you to act on a property or not.

Cash flow and equity are both important in rentals.Always do the math analysis on your possible investments and try to look ai the subject property before you make an offer or at least have a clause in the sales contract that allows you to get a detailed inspection of the subject property and possibly back out of the deal without a penalty that exceeds your earnest money amount.