Steps in analyzing a potential investment property

[Stone Bettersworth]

I work with a number of investors, first time as well as seasoned pros, and it seems everyone has their own way of valuing a property. Some hear about an opportunity and want to drive to the property right away to get eyes on it. Others want to look at the comps, area, and growth potential before ever getting in their car. What are some different ways/processes people approach valuing a potential deal?