Obviously I am not ready to jump on this, but I am still learning and this deal analysis is part of it for me.Thanks again,Ben

Starting out, I let a couple tenants string me out for a couple months and when I finally got them out the place needed a full rehab.In the future, living by the adage, an ounce of prevention is worth a pound of cure, really serves the landlord well.

I was thinking, do a market analysis for the area, finding several comps and getting a strong idea of what the house will sell for ARV, and find out the average time it takes for a home to sell in the specific area.

finally i found a small company that was more oriented to customer service and repeat business instead of sect. 32ing everyone.

So, Paul, this post sounds a lot like another recent one in the deal analysis forum: http://forums.biggerpockets.com/viewtopic.php?

Edward,So, given Mike's analysis at the start of the thread:Originally posted by "MikeOH":Gross rents: $3,300 per monthOperating Expenses: $1,650 per monthNOI: $1,650Mortgage: ($255K, 30 year, 8%) $1,870 Monthly Cash flow: $220 LOSS OUCH!

They want a clean deal when they finally make a decision.John Corey

For buy and hold, I would use roughly the same contract but spell out the percentage of the net cashflow they get and the percentage when you finally do sell.

I think I am going to start making some business cards and post cards to get myself out of analysis paralysis mode and into action mode.

It may or may not make sense for either or both of you after doing that analysis.