Even if this is a high income, no delinquency type property, tenants will be much more open about condition of property than seller.As for P&L, I would say it is not as simple as just reviewing a P&L.  

What made you interested in investing in this type of deal?

If you plan on buying these properties using a mortgage its also best to begin the pre approval process and work with an investor friendly lender to help guide and educate you what the best product might be for your projects to make sure you dont already max out your borrowing power after the first deal.

What made you interested in investing in this type of deal?

Listings are on their own company web page or one of the mls type listing services.

@Jamie Banks The issue is as far as I know almost all Leases when ALE types of companies are involved the  insurance policy holders are listed as the tenant.

Mike It depends on the type of portfolio you have.

There are many different types of private lending funds (and many different structures).

Some of my clients love the cash flow in the east side neighborhoods over by Slavic Village and Broadway selling between 90-110k with rents up to $1,800+, but just really depends on the types of neighborhoods you're investing in and your risk / reward threshold. 

Depending on what type of investor you are or want to be, there are still deals out there.