My agent says that the investor has not yet agreed on a price with the bank, and will do that once he evaluates our offers.

The evaluation of a property for a flipper or wholesaler is different from a buy and holder buyer.

This information will come in handy to you when you evaluate others that you would rent your investment property too.The greater the risk is that you will not get your rent, the higher the security deposit you should ask for.

At this point, I'd say it appears more likely this actually works than it appeared after my initial evaluation.

You can read that here: http://www.cato.org/pubs/efw/efw2009/efw2009-1.pdf In my opinion, economic freedom is just one thing to consider when evaluating a place to do business in and live in.

I'm currently looking into motels and wondering what red flags I need to be most conscious of in the evaluation phase.

I have no personal interest in being a landlord,but if I did,would begin by learning the MF brokerage business.From there,you have the platform to both evaluate properties and solicit investors.

Avi,Try reading in the Landlording forum to get a feel for how to evaluate rentals; that should help you with this quad-plex.

An ESTIMATE you can use for evaluating the deal is that the NOI will be 50% of the gross scheduled rent.

And if this kind of Top Ten List already exists, please let me know.I realize no place will score a "10" on each point, but I want to use the list to evaluate each place:-low sales tax-low property tax-low wealth tax (or is it called personal property tax eg appliances, etc.)