We always send appraiser CMA with our comps, detail property features and what not. 

Im wanting to start analyzing deals but i'm not sure what to look for, how to price things, what comps are actually comparable, or what not to do or develop bad habits.

I won't tell you want to do or what not to do, but I wouldn't do it.

@Timothy VanWingerden competence and profressionalismI had a buddy whose dryer wasn’t working and they just told him to check the lint filter...multiple times...Needless to say he did not renew the leaseTransparency is important but most policies are the same, fees and what not and I can always say no before signing the lease.I did leave a place where my dog did minor damage.

People we have met in the business and what not.  

You are in for 185,000 can sell for 280,000 and even after fees and recapture or whatnot you still bank 60-70k   Use that money as seed capital to do it again  This probably was a better flip then a long term buy and hold just based solely on the numbers you supplied   

If anything, it would strengthen me to learn what to n what not to do.

The costs associated with it will yield you about half of what you were looking for.Here is the numbers[rough estimates only] if you buy at $117k and put $20k into it and sell it for $190kPurchase $117,000.00Down      $10,000-20,000Points and Closing costs 2-3% for escrow and loan lets assume $4000Mortgage - PITI - $511+100+75[insurance] = $686 x 12 months =$8232 [total carrying costs, less if you sell sooner or live there- But if you sell within 1 year you get killed on short term gains 2x times as long term held for a year or more]Rehab $20,000Total investment - $20k+4k+8.2k =$32.2kSale $190,000Sales and Closing Costs - Commission 5% =$9500 + Escrow and title and what not =$5700 = $15,200 Total Closing Costs$190,000 - $15,200[closing costs]= $174,800 - $32,200[rehab] = $142,600- $117,000[purchase]= $25,600 Gross - Taxes 20-40% = $20,480 - $15,360 NetIf you are only going to net $15k you might as well do a refi at one year and keep the asset and pull out more than 2x time that amount.

You can do an income approach or what not. ie: does the other unit offset the rent for the main unit?

You know what not to do next time keep plugging!!!