I'd gather all the information I could, then punch the numbers into a computer program I'd made that would tell me what I could expect (you could do this in a spreadsheet too w/o needing to know how to write computer programs).

Does the county have computer access. this is very helpful. concentrate on 2 or 3 connected zip codes to understand domogramphics.

I have to go way back int he memory banks to remember how to do an economic analysis on this so I don't have a calculated ROI, or set cap rate.I used the simplified rule I have seen on here with # of Lots * Rental Fee * 60 for a quick and dirty estimate of purchase price.

As a fellow newcomer myself - my suggestion is to stay planted on the computer and read more on these forums.

Also with companies and even the US government getting their secure websites hacked, I feel better having my data on my computer.

I rarely ever print out a post for later review away from my computer, but this is an exception.When I get to 5 units I owe you a bottle of Scotch.

For everyone that lets tenants pull their own credit and send it to you, I must say I think that's a bad idea, sooner or later you're going to get a half-way computer literate tenant who will realize who simple it is to simply edit the pdf or other document and remove or change negative items...

They wouldn't take computer generated drawing and if any measurement was off we would be turned down.

i go in cycles...some days are slower (this week it's been raining), so i can check in quite often from my phone or computer..some days it'll be 3 or 4 days til i get to check in bc i'm swamped...i also don't have kids so that helps :)i should also add that i do business with a few people from BP, so out of that relationship, comes the responsiblity to get on BP and commnicate with them...and then since i have the old laptop fired up, i might as well stay on for a few minutes and read the forums!

Frankly, IMO, many Realtors would do much better if they got out from behind the computer screen and went to work.