You can also use the program if you simply just don't like the condition of your proposed property.

You can also use the program if you simply just don't like the condition of your proposed property.

I do give them my opinion on the condition and necessary repairs but I stay away from the numbers for liability reasons.

Your assumptions look solid to me (much of this will be dependent on the age and condition of the house, but as a general rule your numbers should work well). 

The rent is not market price and and I’m assuming it would be due to the condition (did not see it yet - walkthrough will be this following week).

Appraisal, Engineer and Contractor to asses condition, current value, and possible repair scope?

Condition of units?

Note the condition when you enter.

You have no way of knowing the condition of the house when the tenant moved in. 

@Lawrence ChenThe first step I’d do is write down your goals and expectations for an investment - what cash flow do you want, how much time do you want to spend, what condition of home, what about a market attracts you, etc.Then once you have a better idea that, I’d recommend to start reaching out to agents who are also investors so you can learn how the local markets are operating and how the on-market MLS compares to off-market deals.Overall, the Midwest is great.