Your agent (assuming you have one) should be able to help you with a lot of the due diligence items I mentioned above - I know it's all a lot to consider!

In my personal experiences a lot of structural items start with bad drainage.

In addition you can use it to collect initial security deposits or to bill the tenant for addition items such as billed back utilities, damages, etc.

Essentially, underwrite your deal with conservative assumptions, add 6+ months vacancy and one large capex item.

----For others reading/commenting on this thread, I would like to clarify a few items:-We have hundreds of builders and property managers that have been approved to market their services on our platform.

Some items are important, and some are fluff. 

It’s still rough and has plenty of room for improvement, but I can upload photos of a distressed property, tax records, comps, lender rates, and local rehab costs.From there, it analyzes the photos to identify repairs, explains why they’re needed, estimates costs for each item, calculates the total rehab budget, determines ARV based on comps, and provides an expected return—basically automating a lot of what spreadsheets already do.It’s not meant to replace an analyst, and of course, everything still needs to be verified.

The resources are abundant - spreadsheets, contracts, tangible items to help you succeed.

I'm not blaming, but this is generally a discussion item.

Eric,Without going into too much detail on each line item, at first I use my back of the napkin method with a 40-50% expense ratio.