December 2018: This property being built in 1907 had plenty of challenges including a sewer pipe issue that gave me a lot of heartburn.

Build new stairs in basement toresolve plumbing pipe obstruction issue.

But it's a bit exhausting and irritating to deal with on a regular basis. 

FYI: after strapping the pipe leak, the water is not flowing fast affecting other people in the lower floor.Thanks

There was an issue with the drainage so the old landlord was having a plumber come out a blow out the pipe for $100 every month.

We found this property in rough shape mold downstairs, asbestos flooring, and an apartment outback with leaky pipes and about a foot of ice on them.

If the sewer line has not been replaced, how long do you think the 70 year old pipe will last? 

Pay attention to soffits, boxes around ductwork and pipes and to the straightness of walls. 

Knowing your timeframe for acquiring the property will help you stay on track with the rest of the process.While this is not an exhaustive checklist, if you have these six areas planned out in advance, you will be in a great position to get through your first investment property purchase without any major surprises.

Knowing your timeframe for acquiring the property will help you stay on track with the rest of the process.While this is not an exhaustive checklist, if you have these six areas planned out in advance, you will be in a great position to get through your first investment property purchase without any major surprises.