Need help, buying first property and need opinions.
Im going to look at my first rental property tomorrow. Its listed for 325K, has 8 1 bedrooms (500 a month), 2 2 bedrooms (625) a 2 br house (750) and 5 vacant shops on the bottom. The units are all full, and the landlord has not had problems with renting the apartments or house, however the businesses have been vacant for 3 years and need work. Ive done a ton of research, but this would be my first rental property buy. Im wary because the town has less than 2000 people in it, and the businesses down there are dying, however the lower income rental market is doing fine it looks like. Any ideas for the business space maybe see if I can re-zone as apartments? Any kind of due diligence I should look at besides checking utilities, checking zoning with the city, and asking about the property itself?