@Rachel Dunham so my thought is you have to have garage door openers but again it depends on your target tenants.

From there if you have a working model you should find your target price point almost immediately based on public information and a range for the rehab costs. 

Looking for another cheap option, pay a friend $10 to do some target practice outside...    

Is the OP mad about that, or mad they aren't getting deals in their market and letting their frustration out on an easy target. 

I can come up with a dollar figure to work with, but how do I bake this into the evaluation to come up with what my target price should be?

Value add asset - Typically 50% occupied or has additional value add plays with it. ( In these cases generally year 1 the investor might get  a low preferred return say 4% or be deferred all together until year 2 and then each year thereafter as the property is stabilized the return increases 6,8 etc. so that it averages over time to the investors total return target).

I have been targeting mom and pop landlords, many of whom are older and ready to get out of the business.

Have a good day.Mayor Purzycki Schedules Two Additional Community Meetings on Proposed Housing Code Legislation to Preserve City Neighborhoods"The new ordinance to amend Chapters 4, 5 and 34 of the City Code would: Change enforcement of the housing code with respect to vacant and rental properties from criminal enforcement to civil enforcement with civil fines for non-compliance.Establish a target goal of 1,500 rental properties to be inspected annually by L&I and require that all rental dwellings be inspected every three years instead of every two or five years.

I have been looking into investing in notes but I am a little hesitant because What is the pay structure (How much I need to pay them and how frequent) and the services that Loan Servicing companies offer Is there a certain amount of minimum loans that they will serviceIn the case of a delinquency how would I go about the foreclosure processIf you can provide any feedback on these questions of mine or provide targeted links for me to do some more personal research whether it be on BP or an external source.Thanks in advance :)

I'm already began constructing mailing campaign and speak with individuals on creating target letters, letter heads and business cards.