I did this because when I evaluated the numbers, i was going to cashflow around $800/mo. 

Personally, I don't like OOS investing unless you have done it before, but how are you evaluating these deals? 

Not only do I go into detail about how to find and screen investment sponsors to invest with, I go into detail about how to evaluate the real estate and the investment structure. 

Looking at purchasing 2 four plexes. 1 ideally through the FHA to keep down payment low, the second one still trying to figure out if to owner finance or lease or conventional loan with standard down payment. Goal bei...

I am going to evaluate a two unit property pretty much like I would evaluate a 1 unit property.

However, how sction-8 operates in other states, which are with more liberal-progressive state governments; who section-8 operates there, might be entirely different, & more to the liking of who is in charge of finding qualified tenants to be in Rentals. 

They evaluate the deal.  

That's where I think this analysis falls short of your intention to value the deal.I would recommend running the report based on fully rented value to determine potential cash flows and evaluate the deal based on purchase price/cap rate.

@Henry Clark has been incredible recently in sharing his knowledge and @Scott Krone certainly knows the business too.Regardless, of how you piece your learning together, everything (soup to nuts) for an Acquisition is either FINDING a lead, EVALUATING to determine if it's a deal, now you're in the PURCHASING phase, and after you close, it's then all about MANAGING the Operations so that you are increasing both Income & Equity/Value.Also, you may think that it makes more sense to build than to buy, in which case you’ll want to learn about Development & Conversions.

It's a work in progress but I appreciate it 🙏