How did you handle it?

You want to look for like/kind SOLD properties to compare so, single family to single family and multi to multi (2-4). 

I can make the numbers on a good property turn bad for a year or more due to the loss of rents, if they can't be recovered. 

-Legal Protection: A real estate attorney should draft the seller financing agreement to make sure your interests are protected.Final ThoughtsThis might be a pretty awesome first project if you can work out some sort of low-down, seller-financed deal with sweet terms.

Here's how I'd suggest proceeding: - Make it clear in the listing what your requirements are for Credit, Criminal, Credit, and Eviction.

Although many investors never get started due to analysis paralysis, considering that even the most experienced investors have had a deal or two go south, I wonder how many investors also end up never finding success because of a mistake on their first deal.

Copies of Leases: Have you been able to review the actual leases in place to see who is responsible for what?

Welcome to BP!

Also have made it easy to see if you offered a certain amount, or changed your rehab budget, how that would affect your return. 

@Heath D Wallace you are going to get a million different answers to your question.