Buying a property for the first time

[John Christodoulakis]

I am looking at buying my first property, but before I pull the trigger I want to make sure that I check and ask all my questions. Is there any suggestions anyone has on what I should be asking? Ive got questions like who pays for utilities, if there is any water damage, if there's lead paint. Stuff like that. 

[Brent Coombs]

Originally posted by @John Christodoulakis:

I haven't looked at any sold comps, the expected rent is 1450 per month and offering price is 70k. I think its a good deal and the house is in a good shape

Meets the (pro forma) "2% Rule", but, sold comps research is a must. 

eg. What if $60k sales are common? How is $70k then a "good deal"? Cheers...