hi donnell. equity evaluation is hard. basically, you need to find comps in the area. look at the average price of those and subtract what the flip house is selling at. thats your basic equity. then, of course you have to add in your rehab costs to see where you are at. if, after purchase and rehab, there is a positive difference between what you have invested and what you could sell for, thats your equity. 

You need to evaluate the property differently than I would right now. 

I spoke to a sales rep there, and evaluated the properties and the rents.  

., so finding it hard to do due diligence and evaluate the potential deal.  

I am a Financial Analyst and have the skills to manage the finances as well as do forward looking analysis to evaluate the financial impact of the association's decisions.After getting the hang of the book keeping items, collecting fees, blah blah....I began to (per advice received on BP) get comfy with the declarations and by laws and making sure we are compliant with the governing body of documents.That is where I ended up on the phone with the insurance agent. 

I have listened to many gurus..... and have read several books and think I have a good handle on how to evaluate the house but what I have come up with to bid seems very low.

Howdy!My husband and I just bought our first investment property! We received our first applications for the rental, two friends in their mid-twenties. They are both living at home with their parents currently. Do I ...

Howdy!My husband and I just bought our first investment property! We received our first applications for the rental, two friends in their mid-twenties. They are both living at home with their parents currently. Do...

Lastly, approving this swingset now sets several new precedents that if not carefully evaluated, could lead to claims of discrimination down the road if every future swingset isn't approved.

There are plenty of newer homes and also new builds in the area, but with the same breath I will say that almost all areas of Memphis have to be evaluated neighborhood by neighborhood and even street by street.