Apartment Evaluation and Checklist Tips?

[Tom Hayde]

Hello!  2nd post and we are just trying to jump into this investing world!  I am about to inspect a potential multi-unit property and was trying to search this site on the best "checklist" for me to follow, so I don't miss anything.  Any tips on this initial inspection?  Checklists to follow?  Truly appreciate your help!  Have a great day!

Tom

[Kim Meredith Hampton]

Hi Tom,

Don’t know about a “checklist “, but here is what I look for;

Roof, age of appliances, flooring, electrical-especially if it is an FPE, plumbing-looking for leaks or old polybutylene piping, siding or exterior materials-if there is asbestos, that can cost more to remove, cabinets-are they old And outdated, windows 

The other things in a multi to consider; is there an HOA or COA, or county ordinances on lease terms, approvals etc... are their leases or deposits in place, extra keys, rent roll, P & L, warranties etc...

there can be so much more depending on the property and area, but hopefully this will help