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Got the call for this piece yesterday.

WNS Global Services is Hiring!
For - Human Capital Quality Analyst
Line of Business - CPS
Position - Senior Analyst
Experience - 4 to 8 years
Location - Gurgaon
Education - Graduates / Post Graduates.
For Job Description please mail to -
ananyaparnadutta@gmail.com
This is an employee referral. Candidates needs to mention my name and Employee Id on CV which I will provide in mail with Job Description.
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Should be looking at houses in areas you are interested. Look at the cash flow you will be receiving, future outlook of the area.
1) i prepare a schedule (many templates online but I made one myself). Include things like:
-down pmt, closing costs, reno costs = total initial cash
-mortgage payment, taxes, insurance, vacancy rate (2-7%), repairs (1-5%), capex (5%), prop mgmt, etc. These percentages vary by factors such as location, condition of building, etc. If you have no idea, just start with 5% for all, or 8-10% for prop mgmt.
After all this you should have a good calc of your cash on cash return as well as cash flow per month.
2) search sale listings and cross check with Zillow rentals in that neighborhood: you should come up with a realistic estimate of your rental income. Plug everything to the calc you made in step 1.
Personally my properties have always started at around 5% CoC return and I target cities with higher appreciation (metro centers). Generally ‘lower’ neighborhoods or less desirable cities can get you better cash flow, but you’re likely to stagnate on appreciation. Neither is better than the other so just identify your investment goals and risk appetite.
Sign up for Zillow’s Landlord portal. Have found all my tenants there. Great platform and free.
You may be able to find a better return investing in something passively, with a very experienced sponsor driving the bus. I would look at Equity Multiple, Crowdstreet or Intoo. Not sure if your motivation here is just to coupon clip, or if you’re looking to establish a track record as an investor to eventually get into larger deals?