Here is one for example:The “Lead-Safe Certificate” shall expire from the date of issuance by the Health Department Director as follows:(1) three (3) years from the date of issuance by the Director for any property that fails the initial visual inspection or dust wipe test; or (2) six (6) years from the date of issuance for any property that passes the initial visual and dust wipe inspection; (3) if either the Residential Rental Property has undergone Lead Abatement, designed for the single purpose of permanently eliminating lead hazards, consistent with the provisions of Ohio lawor has been determined not to contain lead-based paint pursuant to section 1760.05(b), 20 years from the date of issuance by the Director.

Some of the inspected items are:- Does the property have electricity, water and sewer and is it accessible via a street- Heat source is required but a/c-Roof must not leak although this is a visual inspection only-Mechanicals must operate and be safe-No peeling paint-Smoke detectorsNO ONE SHOULD EVER RELY ON THE APPRAISER IN LEIU OF A PROPERTY INSPECTION

I've also readied countless new recruits into my industry teaching at the School of Visual Arts for the past 8 years.In 2009 I purchased a condo in Williamsburg Brooklyn where I have been living ever since.

@Jim Ness Very good points.  

By the time the 45 day challenge started, I had 3/4 list forms set up already which work perfectly and can easily be imported/exported to spreadsheets if that's ever needed, but not necessary as I can easily set up custom spreadsheet style forms for sorting with a visual overview.

We were able to visually inspect the property(shop is still operating during foreclosure)We will use it for a business we own, lease it in this area would be $15 ft yr It was foreclosed by the bank, They bid us up to amount they were owed..

Many desire smaller communities where there is a sense of connected-ness and convenience.There's lots of fascinating reading about this generation of people, the largest in history, that will affect those of us in the real estate industry.

For even more accuracy, we choose to only use comps that are 1/3 mile away or less, with sales dates within the last six months.Sometimes, even the street can make a difference in the value of a property.If the only comps you have are on very nice streets, but the house you’re considering is on a very “distressed” street, then you have to reduce the ARV.How much is an appropriate reduction is a judgment call on your part.You’ll want to base that call on how much of a discount will be necessary to entice the final owner/occupant to buy this property over one they can get on the “better” street.If the comparable sale that you are using is too different from the subject property, then it is of little value.If you use it in your sales marketing, you’ll lose credibility with your Investor Buyers.An example of a poor comparable is when your subject property is an old cottage fixer-upper, and you compare it to the sale of a brand new in-fill (an in-fill is a new house built on a vacant lot in an otherwise established neighborhood).Rehab dollars vary according to level and detail of the job – everyone has a different formula.As a wholesaler, we suggest a middle-of-the-road approach for estimating enough rehab dollars to get the subject property to look like the comps.You’ll need to spend more on rehab as the ARV increases.Logically,buyers like more ‘pretty-ness’, higher-end fixtures, cabinets, etc. when they’re paying $200,000 vs. when they’re only paying $100,000 for a house.Buy/Sell/Hold costs are all of the costs associated with:üThe purchase (loan origination fees, title insurance, attorney fees, survey, appraisals, etc);üThe sale (real estate agent commissions, marketing and advertising, closing costs paid by the Seller); and üHolding the property (mortgage interest, utilities, taxes, insurance, etc.).

The Human Element.When an investor walks through the house they emotionalize the property and then visualize the potential.

The physical and visual structure of the website (conversion elements) play a huge role.