This can include credit score, nationwide criminal background check, sex-offender list check, international criminal check, and eviction history (so any public records or information that might be connected to legal court proceedings would be pulled back as well).

-Can property values decline due to registered sex offender living in area?

------Here is an example of my Return spreadsheet: it may be wrong but it works for me:6 units commercial ( I use same calc for my single and multi) Semi Triple Net:Current    PotentialTotal Gross Rent/mo      $8,800     $14,3000 ( 50% vacancy when I bought it)Total GAI    $105,600      $171,600 Taxes         $23,000        $30,000  (I assume reassessment, I just bought this)      Ins         $ 4,000          $ 4,000 Financing    $48,000         $48,000  ( shouldn't be here, but it works for me)_________________________________NOI              $30,600         $96,600    RETURN          3%                 9%        (Purchase price + Capex dollar= $1.155M)This one is Triple Net, so I don't have Utilities/operating expense in here, my tenants pay, I do have house stuff, but that is calc in a different CAM spreadsheet sheet.  

nor are they retail centers with CAM charges back to the tenant.

Great job, Cam!

I was told once that Gordon Heights has more registered sex offenders than registered voters.  

What if it turns out they have a serious issue like a sex offender or felony drug issue in the last year. 

It is under condo association with HOA fee $191, and Community Fee: Cam, Lawn Maintenance, Snow Removal, Trash Removal (not sure how much).

From a numbers perspective it seems like a winner:16Sq Ft Price4500Sq Ftge $72,000.00 Revenue $(7,200.00)Vacancy Allowance (10%) $64,800.00 Gross Revenue $(900.00)Trash $(1,500.00)Water $(3,600.00)CAM $(10,000.00)Misc $48,800.00 NOI $435,000.00 Cost $(43,500.00)Down Payment $391,500.00 Loan Amount $23,490.00 Interest Only (6%) $25,310.00 Cash Flow11.22%Cap Rate58.18%Cash on CashI added $10,000 year in miscellaneous expenses and hit it for a 10% vacancy allowance.

Payments on time for CAM and base rent?