I called the person who installed those risers who does class H inspections, and he stated that when he searched that property to install the risers, that there was no permit on file for the septic system.

You'll want to keep records for potential audit but also find a system (spreadsheet, software, ect) that works for you for tax purposes. 

Install a security system.

-The ventilation system would need replacing.

Thankfully there are ways to hold the property you might wish to consider that were opened up with the Garn-St.Germaine (DI) Act.Secondly, asset protection wise, if you keep it in your name you increase your liability and risk, even with a contract due to the vagarities of the system. 

This team will create checks and balances system with your funds to make sure your portfolio is balanced and your money does not fall too heavily into an "advisors" hands that is looking for a commission check.

I even looked into a short term security system, but maybe that's me being too paranoid.  3.

Based on your own experience, what other methods of property analyzing systems do you use to vet a property other than the BP calculator?

. · No large dogs For Flight.The problem is, unless/until the laws are changed, there are some folks that are always going to game the system and they will get over on you. 

If you want to get into property management, try to get a job working for someone that already has successful systems in place.