When you get the inspection report, evaluate projects that you need to do now vs deferring and budget those in. 

An Elimination ProcessYou cannot evaluate every city in the US practically.

These visual records serve as a valuable resource for later evaluation and comparison.

I’ve been driving for dollars, researching properties, and trying to find motivated sellers, but I always feel like I’m either too late or not sure where to start.When evaluating a potential property, what should I actually be looking for?

Hey everyone, I’d love some advice from experienced investors.I’m under contract on a multi-unit property in El Paso, TX and want to make sure this is a good investment long-term.Deal SummaryPurchase price: $298,000Seller concession: $7,500 (already negotiated)Property type: 2 units + back unit/ADU (3 total units)Current rent:Unit 1: $1,050Unit 2: $1,050Back unit/ADU: (not rented yet / unsure market rent)Total current rent (2 units only): $2,100/moMy estimated monthly payment (PITI): $2,450/moPlan: House hack (I’ll live in the ADU/back unit)Inspection Results (Biggest Concerns)Inspector flagged these issues:Possible gas leak smell at water heater + furnace connections (east unit)Electrical safety issues (open breaker slots, grounding issues, wrong wire gauge on a 50amp breaker in back unit panel, missing GFCI outlets in kitchens/baths)Roof issues: ponding water on rolled roofing, slipped tiles, exposed underlayment in valleysSewer scope noted debris + standing water (recommend plumber evaluation/repairs)Ceiling drooping in east unit living roomMy QuestionsWould you move forward with this deal?

Quote from @Nicholas Goodwin: I’m evaluating a mixed-use property in LoHi (Denver) with C-MX-3 zoning, residential + commercial potential, and a detached garage space that can support a small retail/vending operation.

In terms of evaluating a property bigger pockets has a good rental property calculator I believe you can do the first couple ones for free and that will just give you a good idea of how it works.

.- TakeOver Evaluation Video & Property Data Sheet, share video with owner for possible repairs- Per owner selections on our PMA, have tax docs, water bills, etc. mailed to us.TENANTS- Send tenant(s) Welcome Aboard Package with TakeOver Questionnaire (confirms occupants, pets, how long there, rent rate, security deposit, who owns appliances, etc.)- Review previous rent ledger for patterns to be aware of, note their lease in PMC software- Try to convert to our Lease, to make it easier on our staff (we don't tell tenants they don't have to do this)- Opportunity to renew/extend lease with increase?

We also share our detailed evaluation so they can see the profit potential of their deals well before we agree to lend.There are exceptions, of course.

For now, policy remains restrictive, but the tone suggests the bar for additional easing may depend less on labor market deterioration and more on clearer progress toward the inflation target.Markets are mostly unchanged, but we are seeing slightly higher short-term interest rates – stocks are bouncing around a bit as well.