Hi every one on bigger pockets I am looking to do the BRRRR in Newark, it came across a 2 family house on "shanley ave" in west side near the woodland  CemeteryThe numbers are making sense but like everyone says in Newark every street is different  some are war zone some are good So i would like to hear from you investors in Newark  is anyone familiar with this specific Avenue? 

Good afternoon Bigger Pocket Community,I am new real estate investor purchasing in the Houston Texas market.

Hi,I am Ramandeep singh, live in Mechanicsburg PA- new to real estate investing and a big fan of Bigger Pockets, I am still getting familiarized with website and wanted to say " Hi" to valuable members on this forum.

The bigger cost is opportunity cost.

Hello bigger pockets world.

@Taylor CochranOkay.So, you have to treat this like a buy and hold rental with you also living in one unit.So, you need to calculate the cash flow and the ROI.On the surface, if you're renting part of it for $1,750+ and mortgage would run around $2,500 at 4.5% interest rate.That leaves you with a negative cash flow for the investment before you consider property tax, home insurance, and reserves for maintenance, capital expenditures, vacancies, utilities, and property management.You should check out the Bigger Pockets video on rental property analysis.

@Suzan HaileyWelcome to Bigger Pockets.

Actually joined yesterday, but new to Bigger Pockets and marathon-listening to old podcasts, watching youtube videos, and reading posts.

I know bigger pockets recently started offering them or you can do a google search and just keep what you like.I don't think you need a checklist, but I would recommend running the numbers through your worst case scenario simulation to make sure you feel comfortable with the deal.I recommend doing your own research on what you think you can rent the property for.

I have been a Bigger Pockets listener for the past year or so and finally decided to take the leap into investing.