Analysis is not a substitute for action. 

@Sam Craven, what operating expenses do you use for SFR and where do you get reliable analysis from the market to determine if you are buying above or below market cap?

Newbie here...I've moved passed my fears, paralysis of analysis and did it.

If you ask a question, you have some of the best and brightest that will answer questions and help out. everything from beginner questions, analysis of your deals, technical questions, etc... 

Please do not hold anything back.Looking forward to your responses.LOL, guess you haven't read my posts on WH.Lack of RE knowledge, lack of general business knowledge.Tactics used  in marketing, not being upfront with others.......like advertising that they buy houses.They lack understandings of valuations of their services, they appear predatory due to lack of knowledge not so much as to intent......really due to guru junk.As a business, they circumvent the spirit of licensing laws or may simply be in violation depending on state laws.Those that are good at it probably don't really need to WH, but those who think they can begin in WH are usually misguided, thinking it's a system of steps rather than understanding the different aspects that are required to provide reliable data, valuations and market analysis.

Don't get into analysis paralysis.

Look for a good margin in their numbers to screen initially and then do your own analysis of ARV and repairs to see if it's really a deal that works for you. 

I'm still working on my first deal, but it's already taken me through hiring the right and wrong people and several cycles of analysis paralysis. 

Here are some steps to get started.Step 1) Develop your Business Model (Who is your ideal seller, buyer, neighborhoods, etc)Step 2) Build a Team (Leverage their experience, Realtor, Attorney, Contractors, Surveyor, Home Inspector, Environmental Contractor, Architect, Structural Engineer, Stage, Photographer, Title Company, etc)Step 3) Understand your market like the back of your hand (Have a Realtor set you up on HOT SHEETS so you get automatic listings sent to your inbox and you can start getting a pulse on the market)Step 3) Find a Deal (Package the deal and show supporting evidence that it's a good deal, get an appraisal if you have to) Include the following: Company Bio w/ your team members on it, Property Details, Property Tax Card, Scope of Work, Pictures/Video, Comparables, Financial Analysis, Due Diligence Items, and Contact Information.Step 4) Find Private Lender Prospects- Sphere of influence, networking events, ask for referrals, ask CPA, ask attorney, etc.

I understand how the wholesale deal analysis process works.