Awesome breakdown, I think the mortgage payment is missing in the analysis.

He rarely answers my calls, texts, or emails.

How can I evaluate a property to see if it is a good investment? Please include calculations.... thank you.

@Christine Su very good analysis, thanks for sharing. 

And if that is the plan then you should factor that in your analysis and make sure the numbers still look good even in that scenario. 

Today is my first day deal hunting, suffered from a bit of analysis paralysis but found the cure... action.

This is SUPER timely as I was analyzing a cheap sample property here in Atlanta last night (to get analysis reps in) and came to the same realization.

I still recommend bumping that up some in your analysis (unless that 10% includes everything of course) because usually the base rate doesn’t include any additional services such as finding tenants (usually a months rent or half a months rent additional for that), renewing leases, managing maintenance/ repairs/ turnovers, performing inspections, evictions etc. so the PM fees actually land closer to 15-18% in my experience (our PM charges 8% base for collecting rent, dealing with tenant complaints and handling small emergeny maintenance calls, anything else is priced a la carte and I usually handle any issues over $250 myself which is the only way we make any positive cash flow).

As a newbie investor in the education phase of developing my rental business, I am looking to collect a wealth of resources to have on hand for market analysis. 

Hi Zach,I just saw your text..