the nicer the neighborhood also, the higher the rent.usually, when analyzing a property, I look at:Purchase price (loan payment)taxes (county, city, school)insurancevacancy (7-12%)management (10%)capex (10%)(repairs for things down the road, ie: roof, furnace, etc. less for newer home, maybe zero for a number of years.)Misc (could be anything, ie:  Water, trash. lawn care, snow removal, etc...depends on your area)once I have this number, I subtract it from the rent I can expect to receive. ( you need to know what you can get in the area for rent. 

Does anyone have a spreadsheet or tool they are willing to share that helps them analyze your budget vs actual costs for a rehab?

So I have analyzed this 4plex as best I can, it seems like good deals on paper - and then I went to see the units...I am now getting nervous about the condition in which some tenants keep the rentals.

When starting out, not really knowing the area, how does one evaluate what would be good areas/neighborhoods to start looking for opportunities to analyze? 

By having sold date, the buyer will have a better time analyzing comps.

My primary focus is to own a multifamily, and since I'm in the process of saving, it would preferable to "House Hack" my 1st investment by end of 2017 /early 18' latest.I have started to analyze various areas in the Palm Beach (Boca Raton) and Fort Lauderdale area, but I'm more so interested in investing in the Fort Lauderdale area.

The storyMy wife and I live in Rome, GA, and the property in question is in an amazing location. A 90 second walk to downtown Broad Street, the hippest coffee shop in town, etc. Downtown Rome is booming and growing, a...

Search these forums for my "PETIO" format for analyzing these type properties.

I'm realistically probably a few months from being where I need to be to actually buy...so I basically just analyze a deal and say "oh cool if only I could buy this" haha.

Just make sure you know how to analyze it and everything.