., those are great items to look for when you’re scanning for value add opportunities.If you’re a numbers guy, here is another technique I use to riffle through a bunch of listings on a site like LoopNet to narrow down potential investment options:1) Total Income - 5% vacancy factor = Annual Income2) Determine the annual expenses using the 50% rule you mentioned3) Calculate the Net Operating Income or NOI = (Annual Income -Annual Expenses)4) Determine the cap rate.

I have narrowed down some markets that have been growing at a steady pace, one being the Oklahoma City Metro Area.

The space between the vertical supports used to be larger, but new code says they have to be narrower so that kids can't fit their heads through.

However, I am really having trouble narrowing it down and choosing a direction. 

From there you can narrow down the type of neighborhoods you are interested based on price & risk level.

I'm looking for home builders in the Salt Lake City area with experience in construction of single-family homes on narrow parcels of land -- 0.1 to 0.15 acres ranging from 33 ft to 50 feet wide. 

I feel it captures a very narrow slice of the total investment picture and that there are far better indicators of whether a property is a good investment or not. 

We narrowed it down to 3 houses and I jumped on the one that looked the best.

Also, given the narrow demographics of owner finance audience that you are looking for, expect this sale to have a slower and longer process compare to typical bank loan sale and if anything happens faster then it would be a bonus.

If you have it narrowed down this much, you're at the stage right now where you should be out there doing boots-on-the-ground research.