To properly evaluate the condition and determine the cost of renovations, always have a professional inspection done before making a purchase.4.

Hi Chris, As financing costs will be a big factor in determining profitability, you should be asking HMLs for proposals to fund. 

Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.

You will want to interview at least a couple of realtors and determine what resources they have available for you in several arenas (lenders, contractors, more). 

We need to determine the right insurance, and fast.

What criteria do investors use to determine if a seller financed deal is good?

How did everyone determine the name for their business2.

How did you determine that? 

If you're selling a property that is 1-4 units, the value is determined strictly from the sales comps of other similar properties.

From there determining what you have budgeted for your first project.