Combining deep document review with physical and regulatory due diligence will help you avoid unpleasant surprises and assess whether the building supports your investment goals.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

Sometimes value isn’t physical—it’s timing.

Here's how I do my due diligence:1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where I think we are in the real estate cycles (financial and physical market cycles)b) Then and only then do I pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.

Ordinance or law coverage deals with the physical damage aspect and exists as an optional add-on to a landlord or homeowners policy.

Pros of listing today:- I would have five days available for in-person showings this week- I could possibly get it rented sooner- While I'm out of town, people could still look at the listing, and schedule showings for the following week- I could hit the ground running when I get back, and get it going sooner- $ Cons of listing today:- After 5 days of availability, I'll be out of town for 9 days, and unable to physically show it until I get back.

If you're not physically present in the market, find a property manager.  

I can say without a doubt that I would have totally taken the wrong deals if I hadn't physically visited the area to get a feel and built a team of professional boots on the ground who weren't afraid to be blunt with me. 

Demand they find work within a specific time period unless they are unable due to mental or physical disability.

This particularly irked me because I had brought over the physically signed pages to their office.

There's no law of physics or finance that says housing has to be affordable.