Hey everyone,I just thought I'd write a quick introduction.

I've looked at possible expenses related to this, but wonder if there is a 'simple formula' to quickly vet the potential of a property?

We have had good success with quick turnarounds under those circumstances.

You'll be amazed at how quickly you'll grow as you hang out here on the forums.

Make that your best friend :) Check out this post for more info on that: The 50% Rule: How to Quickly Analyze a Multifamily Investment Property [Video]Also here are a few more articles to read: How to Buy a Small MultiFamily Property: A Step by Step Case Studyhttp://www.biggerpockets.com/renewsblog/2012/11/08/fha-loan-multi-family-investment-strategy/Hope those help some!

As a flipper I'm looking to buy in an area where I can unload a house quickly and a lot of comps will give me confidence in my asking price.Now if you are selling to buy & hold investors, then you want to research rent rates in neighborhoods.

Therefore, I am currently seeking to mail to a market rich with motivation to sell quickly and below market value.My first mailing went out to out-of-state absentee owners with property near my zip code and equity at 91-100%.

Not spread it out over weekdays.I have lost many potential tenants because I was not quick to show my rental.

Remember to also pull comps for rentals in your area, you must set the rental price for this home at a level that is competitive, if you don't you wouldn't get it to move quickly.

If those houses rent $700 I'd sell both of them for a quick profit in a heart beat.