Best practice for someone like me who doesn’t have the knowledge to identify deficiencies with great accuracy would be to hire a knowledgeable home inspector to take a really detailed look at the property. 

For a more detailed look at cities and neighborhoods you can check out Vestmap.

Question 1: I would take a more detailed look at your comps and figure out how much value a second bathroom adds if it's in the basement.

In your situation as investors:Would it save you a lot of time to delegate to a team member or hire someone to do a detailed look through with pictures and videos and analysis on the cost of repair on the numerous properties that you want to look at?

If it still works you take a more detailed look.

@Marty GoldIf you haven't already done so, you should use the rental calculator on BP to get a more detailed look at the numbers you provided.

John, thank you again for your detailed look at this.

Remember everyone has a frame of mind, the realtor wants to sell, the inspector wants to impress with his detailed findings, the PM wants to rent the unit out with as little effort/turnover/maintenance as possible - so you are able to get a detailed look through many different frames just make sure you are dealing with people you have researched and trust.I know how stressful it is to buy the first because there is a lot of pressure on something new - and only having one leaves the business vulnerable, but as long as the numbers are great and you do your due diligence then you should be fine.

If it passes the initial numbers, it gets a more detailed looking into.Let me know if you want to grab coffee sometime to talk shop and KC.Best,-Q

I know doing an inspection before an offer has been accepted is not traditional, but in our case we know we want this property to stay in the family and we wanted a more detailed look of what work needs to done to further our negotiations about the price.