Can't wait to watch your progress!

Like @Ann Bellamy, we do our own evaluations and can close very quickly.

To top it off the city is doing a real evaluation of property taxes which will surely double many landlords tax bill.

Congratulations on getting far enough to evaluate a deal and having the guts to post it!

I have a list of eight coaches I am evaluating at the moment with programs that range from $2k-$25k+.My long term goal is to eventually work my way up to being a co-sponsor and sponsor if syndicating.

Estimating rehab is a work in progress.  

You have shot yourself in the foot here and really don't have a choice, hopefully the tenant will allow you to install flooring wile they are living there by moving their stuff from room to room as the install progresses. 

What does this all mean for real estate investors as we evaluate risk?

I am actually looking for more general understanding of the market and answers to my questions rather than an evaluation of my property 1.

Hope it can give you some ideas.Keep in mind it's not relevant for every single type of house and some aren't complete "red flags" rather just something to evaluate, but this is pretty much the soup to nuts version:Title: Utility liensHOA’sTaxes or SalesNotice of CommencementEasements, right of way, (i.e. shared driveways, basements, roofs)Deed restrictionsMunicipal liens or finesType of deed and is it insurableQuiet title needed?