Inspection: What do you look for to avoid MAJOR losses?

[Scott J.]

I'm going to a triplex open house this weekend that I am very interested in. It is also my first short sale. This property is 80 years old, so I want to be especially diligent.

When you are checking out a property, what are a few of the things you look for to avoid major losses down the road?

While my ego thinks I can walk around the property and do a sufficient analysis, I'm planning on creating a checklist to make sure I don't miss anything.