Looking to create a general framework for evaluating deals. There are a million explanations, but rarely do I find something more than an actual method for developing goals other than the "goals depend on markets". By no means is this guide absolute, but I just wanted to see some input on it. As in the title, these goals are intended for rural Iowa single-family homes.
I apologize if this would be better posted in a different forum.
@Brett Robberts Everything you have looks pretty good in my opinion. My goals dictate the strategy we choose to follow. Nobody is re-inventing the wheel with SF rentals and flips, imo.
Are you analyzing properties to get to those findings? My spreadsheets are primitive to compared to other expert investors in BP, but I know how to "pull the strings" which correlates to finding opportunities in my market. This market is challenging, numbers don't lie, but flexibly within the buy [box] is important otherwise nothing pencils out. That's the analysis paralysis trap you want to avoid. I tweak my spreadsheets, add analysis boxes, adjust taxes, and keep it updated which motivates us to do more investing.