@Madison Holbrook it depends on if you're referring to single-family or multi-family properties, evaluating them can be slightly different and it also depends on the comfortable that are in the neighborhood and what needs to be done

When evaluating a market for potential multifamily deals, would you consider it a good or bad thing when new apartment buildings are being built near and around the property and why?

Purchase price: $455,000 Cash invested: $7,000 House Hacking Owner Occupied * In- Progress *Asking Price: 459,999 Rehab: $5000VA Loan 0% Dow* SELLER PAID CLOSING COSTS AND $15K IN REPAIRS, NO MONEY OUT OF POCKET*RENT BY THE ROOM STRATEGYPITI: $3060Rent: $3500 ($875 per room, utilities, Wi-Fi, and Security System)* Current Project: 300 SQFT ADU *ADU Rent Estimate: $1800 (Includes Utilities, Wi-Fi, Security System, and private entrance, yard, and parking)Construction Budget: $20k (Structure is already existing, more of a conversion) What made you interested in investing in this type of deal?

Purchase price: $455,000 Cash invested: $7,000 House Hacking Owner Occupied * In- Progress *Asking Price: 459,999 Rehab: $5000VA Loan 0% Dow* SELLER PAID CLOSING COSTS AND $15K IN REPAIRS, NO MONEY OUT OF POCKET*RENT BY THE ROOM STRATEGYPITI: $3060Rent: $3500 ($875 per room, utilities, Wi-Fi, and Security System)* Current Project: 300 SQFT ADU *ADU Rent Estimate: $1800 (Includes Utilities, Wi-Fi, Security System, and private entrance, yard, and parking)Construction Budget: $20k Structure is already existing, more of a conversion What made you interested in investing in this type of deal?

I’m getting all of my ducks in a row before I purchase my first rental and have been evaluating a few options.

I won't say it will be easy....but best way to make money is buy in the path of progress.   

The first step in buying real estate is evaluating the market.

At lease renewal you evaluate how it went, adjust if need be via the rent increase, move forward for another 12 months. 

Many of the wholesalers I talk to have no idea how to evaluate a property.

My entry level clients having success are using search tools and lots of boots on the ground to find those smallish  mom and pops that dot the landscape nationwide but are little cash cows with plenty of room to grow as progress moves toward and through them.