What are the first things you look for in a walkthrough?
The first things I look for are:
1. Neighbors - I don't like things I can't control, and this is one of them.
2. Roof line, general structure of the home (exterior looks plumb? Drainage, etc.)
3. Once I get inside I always look first under the sinks, especially in the kitchen. There so much opportunity for small leaks to create bigger problems.
4. Head down to the basement to look at foundation/mechanicals.
From there, I'll start doing a more itemized look at the home if it seems like there may be a deal. Curious to see how other investors initially size up a potential property.