I hope I have given enough information to get an evaluation of the deal.

I have been looking all over and following things through the initial selling process and through the rehab and then back on the market price - things that I evaluated and know what the reno costs were, at least ballpark.

Hey BP nation, I'm curious on what everyone uses to evaluate out of state markets.  

It's just too competitive of a market.Gotta go back and strategize and re-evaluate things!

It will take some time to find the right person, and build that relationship (establish two way trust), but it's well worth it.Learning the marketing, evaluation and negotiation part of this is a great way to get things going if you don't have capital, but can be challenging if you are not used to that.

Hi,I use two techniques to financially evaluate notes:1.

Stand on your ability to evaluate deals and manage the property.

Right now we own a single family home that has been rented out very successfully (knock on wood) for the past 18 months, and we are currently evaluating several more properties in a neighboring town.

My experience with initial tenant applicants made me re-evaluate my decision of renting it out first. 

50% rule: rent * 50% - P&II'm over here playing with my financial calculator, and found something interesting.Rent * 50% = what you want your P&I payment to be equal to or less than.You can use that and a fina...