I will be posting a detailed breakdown on a spreadsheet ***Initial Analysis ARV: $485,000                        Purchase Price: $355,000 ($205k Cash Down, $150k Hard Money Loan@10%)Rehab Cost & Interest Payments: $44,000Holding Cost, Closing Costs: $7,000Real Estate Commission 5%: $25,000 ( I know its $24,250)Time Frame: 8 Week Rehab (Hoped for 4 to 5 months MAX initial purchase to resale)Potential Profit: $54,000Cash on Cash ROI in 4-5 Months54,000 / 249,000(205k+44k)= 21.6%Pictures of Before** Heights Before PicturesNow for the actual numbers.

At this point I feel I have the knowledge and capital required to start my investment career but after 6 months of looking at property I have yet to make a purchase.My better half thinks I have analysis paralysis but I think I just haven’t found a great deal yet.

It doesn't matter if you are young or old, totally new or need to build upon your experience.Yes, you have just announced a commitment to the thousands in this community about your seriousness regarding REI and have taken this bold step to affirm it.Your time on this site and with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.You are here at the Forum, but, should raise your mouse to the top and explore the otherheadings displayed.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums,Marketplace, Learn, Network, Analyze, Resources.Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of bookrecommendations.Also, you can review the quick links below to help solidify your grip on this site. http://www.biggerpockets.com/starthereSetting up Keyword AlertsHow to Use @Mentions on BiggerPockets25 Tips for Real Estate SuccessAfter becoming more knowledgeable and confident because of my above suggestions,take action to snag your first real estate investment deal if new or add to yourexisting holdings if you have prior experience.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

Cash-on-Cash Return Cash-on-Cash, the popular real estate investing return, is explained including its meaning, shortcoming, and formulation...Debt Coverage Ratio (DCR) A ratio investors and lenders use to track and compare debt-related outcomes for rental property and measure financial risk...Gross Rent Multiplier (GRM) A quick and easy way to determine whether or not a property is priced in line with other similar-type properties...Internal Rate of Return (IRR) The time value computation that shows the ratio between future cash flows and initial cash investment as a percentage...Loan-to-Value (LTV) A computation related to mortgages that lenders use when financing investment property as a measurement of their financial risk...The Maximum Purchase Price Calculation A calculation investors can make to determine the maximum price they can pay for an income property to at least break-even and avoid a negative cash flow...How to Compute Net Present Value Net present value is explained along with its formulation and use in real estate investing...Profitability Index The time value computation that shows the 'proportion' of dollars returned to dollars invested rather than the amount...Rental Income Property Cash Flow A fundamental look at rental income property cash flow for those of you new to real estate investing...Sinking Fund Factor Know the amount you you must start setting aside on a regular basis now to cover a capital expenditure scheduled in the future...Tax MattersIncome Property Operating Expenses and the IRS Tax Code Learn what operating expenses should be included in a rental property analysis as well as what the tax code says about operating expense deductions...The Recapture Tax Real Estate Investors Face When They Sell The seldom expected recapture tax real estate investors expect to owe the Feds after they sell their rental income property....The Cash Flow After Tax Calculation How to calculate cash flow after tax step-by-step starting at the gross scheduled income...The Depreciation Allowance According to the IRS Tax Code How the IRS figures the depreciation allowance for investment real estate along with its concept, limitations, and formulation...Understanding Rental Property Depreciation and Recapture Tax Rental property depreciation allowance and the recapture tax associated with it are explained...AnalysisCap Rate or GRM?

When doing initial analysis of a property to see if it's a good deal is there a rule of thumb for insurance costs?

In some situations, the lender’s analysis may determine that using alternative rental income calculations or using lease agreements to calculate income are more appropriate methods for calculating the qualifying income from rental properties.

First off, I am brand new to real estate investing...in what I have heard referred to as information overload or analysis paralysis.

Very informative and interesting analysis. 

I thought the same also but was unsure what percent to account for repairs, vacancy, and cap ex.22 space park with 19 pads occupied, 3 of 19 are park owned but I am assuming only pad rent for this analysis, 30 storage units (10 large, 20 smaller) currently 2 units vacant.Expenses per month:Stated by seller:water $570sewer $570garbage $160taxes $433electric $10Assumed by me:Repairs: $284 ( 5 %)Vacancy: $114 (2%)Cap.

I am well aware I am missing some information here about a general analysis of the property but I'm just speaking in general terms.