If you have the funds, it's as easy as hitting the print button on your printer.

In the quest of doing your research, you may identify some investors who are getting some sweet deals that never hit the market.  

Now granted, it is difficult to hit that 1% rule sometimes ($1,000 in rent for every $100,000 in sales price) but we definitely still have positive cash flow places.  

I think the multi family space though, particularly apartments, could take a big hit.

Then hit the internet websites and see if there are any recent sales to estimate current market value.

IMO, that's not a very sophisticated way of budgeting, b/c it fails to consider ROI and marketing efficiency by channels.How many listing/buyer clients can you &/or your team (if you have one) support?    

Additionally, it's recommended that you bone up on the basics, so that when linked with a mentor locally, you will be ready to hit the ground running and be able to ask more intricate questions to rapidly build your REI career.http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/ (house rental guide)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property) http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling)Your time on this social media site will be well spent.You have taken the 1st step by announcing your readiness and commitment to embark on a REI career.Whether you pursue, wholesale, rehab & fIip or buy and hold it's up to you to decide.The bottom line is that you must take action to start.

I focus on low income properties, and am also in a market where hitting the 2% rule is impossible.  

  :)  I'm over six feet tall, and I've been in some rooms where I hit my head on the light kit. 

I plan on hitting the ground after the first of the year and I am committed to making this work no matter what.I am honest and hardworking, so if anyone wants to approach me with some get rich quick idea or ways to screw people out of their homes, move on.Anyone in the area, feel free to reach out to me anytime.