Yes because if it is a good investment overall it is likely a good house hack, but you should evaluate both ways2.

As such, I assess the % of neighborhood turnover by evaluating things in person.If you want to start with looking at city data to get a grasp on macroeconomic trends and the job market, I think that's great, but once you hone in on a specific area I would suggest investing the time and money to travel out there and get a feel for specific streets before you put money into a deal.

What tools/data to you use when evaluating a property?

My question is how does this factor into the evaluation process conducted by a lender prior to issuance of a conventional mortgage that is strictly an investment property?

Then you can review/go over them there and sort it out...also use it to evaluate bids as some may be better value vs others.

.- In your situation the first step is to re-evaluate your numbers.

Hey All,When investing as a limited partner, whats your thoughts on looking at a Partitioned IRR to better evaluate return that is based on cas flow vs sale? 

I want to know, personally, how to get started with owning rental properties but don't know where to start.Areas I would interested to know more about would be:1)business entity set up 2)tax-advantaged strategies 3)setting up most of my business on 'auto-pilot' so I can focus on my career but start building up a passive income source4) what types of excel sheets or other types of software you guys use to manage your real estate and run basic evaluation as to whether or not a property can be a good investment5) what types of things I should be looking for or aware of while starting out that you wish you had known before getting started6) good sources of financing or places to look for when buying an investment propertyIf there's anything else you can think of I would really appreciate your personal input!

RUN.You need to use realistic expenses whenever you evaluate properties.

Here is my version about how to evaluate a good deal.