If the new administration actually enacts their policy stances on tariffs, immigration, trying to ignite the economy even more....all of those things add up to higher inflation.

I find DSCR most lenders are 8 to even 9% for max leverage on 5+ right now.

Of course it probably wasn’t even worth the amount owed in taxes as nothing could be built on the lot. 

and even if you aren't going to do an inspection, can you walk it with a couple contractors?

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

It’s not something I do every time, or even often for that matter. 

You can't even drive by and look at a tree before you decide if it needs to be trimmed up or cut down.2.)

.🔹 Insurance Challenges – Even when insurance pays, it rarely covers the actual cost to completely rebuild.

As the investor gains experience, they are not only able to more successfully foresee the “bumps” along the way, able to handle recessions, temporary negative cash flow, unforeseen capital expenditures without panicking, but will also recognize the opportunities necessary to turn a loss into a break even.