I like to use the ten times evaluation ..Ten times the actual NOI based on the trailing twelve minus the 10% with a 125k repair concession

My apologies everyone, What I'm trying to say is that I'm having trouble evaluating this deal, the property is not on the MLS so I'm going threw real estate abc website to pull comps but the properties that I'm able to compare the house to are built in the 80's and the property I'm looking at was built in the 70's and from the pictures I've seen of the property is in good condition, can I create a opportunity for myself with this seller ?

Are you going to be touring only completed homes, or seeing some in progress or as yet untouched homes?  

I understand the concept of making sure your property cash flows if you have a mortgage in place, but I was curious how investors evaluate a property if they are purchasing with cash outright.

I would leave credit score out and use evaluations of the credit history instead (delinquencies on mortgages, car notes and etc.)  

Two great ways to start are by wholesaling and house hacking.Keep us posted with your progress and don't hesitate to ask questions.Best of luck to you!

I'm considering going down this path, have made some initial progress with the GC and now looking at possible opportunities.

Hi Guys - I would appreciate the help in this regard :My newly rehabbed house is in pending status and the FHA approval is in progress.

I think it was suggested somewhere else you should find a mentor.Of the 30 deal I have syndicated they were all different and need to be evaluated, structured and presented to investors.  

Also insurance should be updated as per status on the house. take photos of progress and if needed update coverage.