If I were in your shoes, I would first evaluate the area, and if it fits my criteria and I know what kind of tenant I can put in there I would continue to the next step:Finding out how much it would cost to rehab and what kind of rents I can achieve. 

Take the time to thoroughly evaluate these factors and consider seeking advice from real estate professionals and financial experts to make the best decision for your situation.

For competitive investment property, not being prepared to evaluate costs at initial showing, before making offer is really a waste of everyone’s time.

Hi, I like the Property Evaluator App for a quick check, can change variables nicely for Canadian markets.

The world changes constantly and how much cash or leverage you use should be constantly re-evaluated and decided for yourself.Should you not take a zero percent car loan or credit card?  

I would evaluate the issue in the same way I would if the unit was vacant.

@Chris Mason What criteria do you use when evaluating small mom n pop parks without any financials?

Many people use hard money loans to do the initial purchase and rehab, but I believe those lenders typically want to lend to investors with experience because part of the criteria is evaluating the deal itself and the investors ability to execute.

The other piece to consider with cost segs is the value of the property evaluated and savings generated vs. the cost of the study.

Also, that website looks like a gem for evaluating potential investment areas.