New to Albuquerque - New to Investing

[Zach Bair]

Hello everyone.

I'm interested in rental properties and would love any advice you have. I understand the basics and feel as if I could reasonably assess a property's value/rental price, etc., but I honestly have no idea how to determine major rehab cost or what detailed things to look for, in terms of structural damage, lead pipes, updating electrical, etc., when assessing a property.

Any advice of this or do I just higher a contractor to walk the property with me and ask for their price evaluation? What is a typically price for this?

If you would like to share some strategies, that would be awesome. 

Thanks,

Zach