In this scenario the investor still has to put some time in to evaluate opportunities and sponsors as well as track performance and stay on top of the sponsor/operator.

Hey guys, I’m a newbie, just looking for favorite articles / books that teach the skill of evaluating deals?

I evaluated this deal below:Asking Price: $150KDown Payment: 30% - $45KClosing Cost: 3%Total Money in: $48KApproximate monthly mortgage: $775 ( PITI from realtor.com calculator)Approximate rent ($1350) - Approximate mortgage ($775) = $575 cash flow $6900/ yearly cash flow.14% Yield/ROILooks like a good deal based on how hard your money is working for you.This is taking their asking price, but put in a lower offer and the deal is even sweeter.

I'll continue to evaluate. 

Constantly reviewing where you are at and re-evaluating where you want to be is super important and motivating. 

I feel that I am getting a better understanding of how to find and evaluate deals, and I am working on my mindset more and more.

It’s a key metric that banks and investors look at when evaluating a deal 

They can help make recommendations on getting the most value out of your property and give you comps to help you evaluate when to refinance.

RE Agents , Lenders, Property Managers, Property Evaluation (like by county or state), etc. 

Find someone you can trust to provide deals to evaluate and then verify that they're giving you the full picture.