How do I evaluate this business ?

I would ask this question in a thread which deals with seasonal markets, since you may get some creative responses.My market is technically seasonal (I do have 90%+ occupancy year round) and we evaluate properties with a 50% vacancy outside of the town I live in.

This is one in which the issuer (or a person acting on its behalf) has sufficient information to evaluate, and does, in fact, evaluate, a prospective offeree’s financial circumstances and sophistication, in determining his or her status as an accredited or sophisticated investor.

When investors come to you with a proposal, how do you evaluate the risk?

Which from what I've gathered from agents will end up with me getting all the contents and damage evaluated with depreciation and getting squat come claim time.  

So I made contact with a person who has 100 equity in the property who owns it as a rental, They have been managing from long distance and want to sell. The stats are Sellers price $49,000Square feet 960Tax Assessor v...

What are some things I should evaluate?

I am looking for advice from the community on how to evaluate the Tenants business and statements for company financial strength/viability.  

They would help us find a good property, evaluate it's potential, oversee the renovation, and find a buyer for the property. 

Hire a PM and have them evaluate what rent should be, the PM i use covers your area and is managing 400+/- units all over northern and NE WI