I've been analyzing lots of deals lately and the main thing I'm focused on is cash flow, for example I find a deal that is cash on cash of 13% and say to myself that its better than the stock market etc.however when you add the debt pay down into the equation, the net benefit is increased dramatically, here is a calculation I did, no crazy expectations, everything increasing at 2.5% annually.after a year I cashflow $2,850 however I've also gained 2,124 in equity, totaling 4,974. so in reality my actual return is much greater 12.20% cash on cash - (2124 equity after a year and as a percentage of the 22250 paid = 9.54%9.54% + 12.20% = 21.7% so really I am making a 20% return on my investment.why doesn't everyone do this calculation?

Things like how to analyze deals, types of loans, how people fund their deals, etc. 

Im thinking of using this house as a rental so I'd like a little instruction of how to properly analyze something like this.

My advice would be, after analyzing the deal, if it is a good-great deal, then buy it and "master that market".  

Or an existing structure could perhaps be converted to what we need.I am reaching out to you guys to ask who I should get in touch with in the commercial RE business to help us with analyzing the costs and revenues, how to organize investors, etc.  

If you're going to use a "simple" method for analyzing rehab cost like the $12 a sq foot method, I would be extremely careful and particular setting money aside to go over that budget.

In the past month I have visited, analyzed and submitted multiple offers for rehab properties in the Las Vegas area.

I think that the painstaking process of analyzing tons of deals (virtually all of which will be bad), is an invaluable education.

When you're analyzing potential rental income, what's the best source to determine what the unit would rent for? 

Be prepared for that possibility too.Then, that means you missed something putting the deal together.A deal being profitable is not a matter a chance, it's a matter of properly analyzing the deal and doing the numbers.