I really want to understand how this is supposed to be calculated so I do it properly when analyzing properties.

One of my main issues when analyzing has been estimating the monthly rental rate.

However, it might be nice to wipe your hands clean of this property, move on, and cash a big check.Id recommend getting a 2nd or 3rd opinion on the foundation work, as contractor bids can vary significantlyIf you want some help analyzing the deal, feel free to shoot me a direct message, Im more than willing to help out.

@Vincent HarrisI wouldn't recommend investing out of state for your first property, as it adds an extra layer of difficulty in analyzing properties since you don't know the area and can't just fly out there to look at it.

Is there a faster, but accurate, way to estimate repairs when analyzing properties?

Develop a mathematical system for analyzing deals and stick to it.

Agreed, not really about the questions but rather the exploration of information and then analyzing it to create a framework then path of what you need to be doing in the opinion of the other person.

Remember to analyze the properties as if they are fully rented.  

They are always bringing me deals, mainly off market, to analyze and directly contact the owners.

Focus on analyzing deals closer to you and where you want to live for now.