The one certainty I can tell you is that all my clients evaluate purchases in their own way. 

@Jay Hinrichs yeah Mello Roos was one of my first mistakes in RE investing and I certainly learned from it when evaluating rentals.

I thought it would be a great idea to share with you some resources on how to effectively evaluate a real estate investment deal.

I'm learning quick that my budget and approach to the rehab need to be re-evaluated and organized.

@Todd Dexheimer I am not questioning your evaluation at all, but I am curious as to how you came up with your estimates as I am super green to all of this. 

Once you have these numbers, it will be easier to evaluate and shift through deals. 

Depending on your situation, best way in is to house hack a duplex or SFR with an AirBnB angle (present craziness aside).In terms of next steps, get yourself an underwriting template and practice evaluating deals you see on the MLS.  

@Peter KortyFor my basic evaluations I start with $200/month for a new(ish) duplex or SFH. 

You find a deal, quickly analyze it and know that it meets this base criteria, you send it over and now you have significantly shortened my evaluation period. 

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