If you want to focus on listings, you could target Seniors with Long-Time Ownership (ready to downsize or transition to assistance) or Homeowners with Low Financial Stability Scores.

However, when finding rentals it all about the cap rate and your end strategy to determine if a property makes since to purchase.

Some of our canvassing has been to put in a dance/fitness user.We have one tenant whose lease states that the "Demised Premises shall be used solely for retail purposes to operate a casual dining restaurant/cafe".This tenant is new to the shopping center as of a few months prior to our taking ownership.

I'm determined to buy a property in the next few months, but I will need enough time to analyze them with the BP calculators to ensure I get the right deal.

I would look at the rental market and determine market rent.

And another question - In BP‘s BRRRR calculator, how do you account for pulling your money out at the refinance stage (at 9-12 months after purchase) and as well raising rents through the years of ownership?

But regardless, you should always start by educating yourself, which it looks like you are doing already.Next step would be to determine what vehicle or strategy within multifamily is going to take you to where you want to go.

You are only responsible for the HOA dues from the time you take ownership of the property and not from before.

You might talk to the tenant to determine terms they're seeking.

Determine if property is still occupied, research if tenant or owner7Estimate RehabEstimate approximate rehabilitation costs based on drive-by (and can view inside windows)8Research TitleSearch title making sure that the deed being bid on is for a first mortgage, not 2nd or HOA or Tax Lien.