I’m hungry to learn, open to feedback, and committed to long-term success in this business.

Quote from @Chris Seveney: Quote from @Keith Wilson: Any feed back is welcome  Have not taken the course but BRRR is basically dead right now due to interest rate environment - so if you take it I am not sure you can implement any training you learn at this time.  

Hey everyone — I’m a techie and small investor designing a tool to make deal analysis less painful for people like us.
I’d love to learn from you:

- How do you currently find and analyze your properties?

- ...

I appreciate the feedback guys. 

.- No need to adjust formulas — it’s plug-and-play.I’m currently sharing the lite version with a handful of investors to get feedback before rolling out the full release.If you’d like to test it out (and help me refine it by providing feedback), feel free to reply here or message me directly.Question for the group: What features do you find most important in a deal analyzer?

@Ryan R.just some initial feedback:-if it's listed on the market and no one else has bought it yet, that's a huge red flag. 

@Mike Dymski - No feedback yet, as I am in a similar boat to you - currently, 3rd party PM handles all of our rentals with AppFolio, but just wanted to say thank you for the assessment as I am looking to bring management in-house and am also considering these three platforms. 

Thank you in advance for any feedback and help! 

I’m considering a 1031 exchange and would like feedback from investors who have experience with mobile home parks, particularly smaller, park-owned operations.Current Property (Selling):Duplex purchased in 2021 for approximately $145,000; estimated current value around $210,000\Loan balance: about $90,000Gross rent: $2,400 per monthNOI: approximately $16,000–$18,000 annuallyCash flow after mortgage: around $750–800 per monthLow management requirements and stable tenantsReplacement Property (Under Consideration):Seven-unit mobile home parkAsking price: $395,000Rent: $750 per unit plus $40 for water (total $5,530 per month; $66,360 annually)100% occupied with long-term tenants, several in place four to five yearsAll homes are park-owned, purchased between 2016–2018 with metal roofs and Hardie sidingOwner pays water and sewer (aerobic septic); tenants pay electric and trashMaintenance handled by one individual for $400 per month using personal equipmentGravel road, well maintained; potential to add one or two additional homesMy Pro Forma:Vacancy: 5%Expenses: approximately 40% of effective gross income (includes water, insurance, taxes, maintenance, mowing, etc.)Estimated NOI: $37,800Financing assumption: $255,000 loan at 8% interest, 25-year termAnnual debt service: approximately $23,574Projected cash flow: about $14,250 annually ($1,188 per month)Cap rate: approximately 9.6%Cash-on-cash return: around 10% on $140,000 downDSCR: 1.6 (strong coverage)If the price can be negotiated to the $360,000–$370,000 range, the cash-on-cash return improves to roughly 11–12%.Pros:Consistent, well-maintained units with matching exteriors.

Thanks in advance for the feedback!