Physical Analsysis of Rental Properties
I am a new investor looking to get started on the journey of buying my first rental property. I have a few questions about analyzing the quality of a property for renting. I've never purchased a house before so bare with me.
1) What are the major problems with homes that you've seen that is a big fat "NO" as a rental investment?
2) Are there any recommended sources or books for learning how to evaluate the condition of property or methods you would recommend I consider?
3) Is there a chart of the "Big Ticket Repair Items" and are there costs that I can look at to factor into my "Numbers Analysis" that would allow me to extract a (Best Case or Worst Case) analysis?
Any 80/20 approaches to these questions would be welcome. My aim is to be able to vet our properties very quickly to get to the ones that are truly worth investing in.