Finally, don't put much stock in metrics like 'views' or even generic e-mails from potential tenants that ask if the property is still available.

A problem occurred when the servicer tried to stick us with their entire legal bill.We have another situation that just started in which the servicer is telling us that they are retaining outside counsel to review our defense strategy before deciding whether they will let us represent us or have their counsel do so.

For me,  I've defined  3 metrics that I primarily use to determine if a property is a good deal.

Make sure to read reviews and ask the property manager about any reviews that grab your attention.Some Questions to Ask: How long have they been managing properties?

I have found that property taxes and utilities can have a large impact on how well a market cashflows and that is why price to rent ratio isnt a perfect metric.

Either go off market through a wholesaler or FSBO, look for a SFR or a duplex if those are the metrics you're trying to achieve, or downgrade your neighborhood expectations.

If the property has previously been a rental, reviewing their rental history is also very helpful.  

Reviewing this will reveal other important clues, as well as potential for fraud.

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*This link comes directly from our calculators, based on information input by the member who posted.

Regarding the closing paperwork, the lender will prepare all that and you will have a chance to review it prior to signing/closing on the property.