Get an inspection, bids from contractors and walk every unit; especially check out the neighborhood, crime rate, look for boarded up buildings etc.

I was just informed by my property manager about a CA Franchise Tax Board law that withholds 7% of your monthly rent for all out of state owners. 

Even then you would have to go through zoning board, and if approved would cost 10's of thousands to connect to.

The seller is on board with seller financing and we choose to only thoroughly look at 2 properties, run numbers, in hope of coming to an agreement on price and then using that model across the board for ALL the rest of the properties..What I'm finding it there is ALOT at stake for both sides of the potential transaction.

And on the rare occasion that I find an MLS property worth looking at, we get to work together a bit.So, until the real estate boards democratizes access to their sales data, the best way to access that info is to develop a good relationship with a realtor.

I guess it’s some kind of gypsum board with plaster on it?

Wait until you have a permit issue and have to deal with a local zoning board that won't budge.. bathroom. kitchen. floors.gutters.driveway.windows.painting.tile work.doors.patching walls

Here is what I generally use in Memphis for my ratings:A+  no cashflow whatsoever if you bought here, good appreciation, great schools, larger houses, beautiful homesA great neighborhood well kept mostly all homeowners, more likelyhood of appreciation, not as great of cashflowB decent area but some homes are not perfect, quite a bit of renters but still homeowners, decent cashflow, decent/some appreciationC Very few homeowners if not any, more run down houses, good cashflow, very little appreciation, D&F  Warzone, dont event want to get our of your car, lots of boarded up houses, cashflow looks amazing on paper 2-3% rule "on paper" ARV < $45k

I work outside in neighborhoods and come across plenty of properties for sale or boarded up everyday.

Hi all,I'm a newbie and have been lurking on the boards for a several years but now have a real opportunity that I'm in need of some advice.Here is the situation:My mother recently passed and has willed her 2 bd/2 ba house to my sister and I.