Looking for more insight into analyzing properties.

[William J Melius]

I realize that analyzing investments properties is a fairly simple task, yet I seem to find my self unable to calculate certain variables. I would love some insight on things like average closing costs,insurance, taxes, and what percentage of vacancy rate I should be using. I assume the latter is based on the market or area? 

[Will Fraser]

Hi @William J Melius; you've asked a good question here!  There are "standard rules of thumb" that you should find for your market and use here.  For example, in my market closing costs are 3% plus or minus a 1/2% every time, and vacancy rates are normalized as 5% (though I'll use 10% if it is bound to be a higher vacancy property due to high rent rates or an odd property).

These factors, especially the vacancy rate, are area dependent.  Once you learn the rule of thumb, though, you plug and play and you'll be on your way!