Investing in a property (Due diligence list)

[Rob Nappi]

Hello everyone,  

I am trying break into the real estate investing industry.  I live in Sonoma County, CA and looking to invest in Indianapolis, IN.  I took a trip out to Indy and was shown around by a realtor.  I checked out some properties and the market was a little too hot.  Needless to say I didn't make any offers.  The point of the trip was to see the area I wanted to invest in.  Goal is to obtain doubles, and single family real estate properties. 

My question to everyone is....

What is your list of due diligence and or process you go through to analyze a potential deal? 

example:  neighborhood class, A,B,C?  Rent range, Inspections, flood zone, crime, history of the area, and so on.  

I'm just looking for some others opinions in the analyzing process.  

Thank you all in advance. 

Rob Nappi