Property evaluation checklist

[Andrew M.]

At the end of the week, I'm going to look at a property that my firends aunt is going to use as rental property. Its kind of a long story but I will hopefully get to live there for free in exchange for help managing it.

In any case, I want to be as well prepared to evaluate the properties I look at as possible. I was wondering if anyone has a checklist they use or any specific tool they use to evaluate potential rental property. Any advice would be appreciated.