This helps assess profitability.7.

This involves assessing the investor’s financial situation, investment strategy, and the specific projects they wish to undertake.

Without comps and a credible assessment of the condition, it could be a grand slam or  possibly 80k over what you should pay.

The only thing is the HOA fees go up and they can do special assessments and you have no control over it.

It is quite common to conduct a move-out assessment for damages and apply the costs against the security deposit (SD).

You really can't assess your risks until you know or are fully aware of who the seller is.I'm not writing a book here, just trying to beat the word count in Dion's posts. 

Aside from educating yourself, the next steps are to honestly assess yourself and see where you best fit into the equation and to build sponsor relationships because these will be very important for you as you start out.If you determine that you're best suited for the "finding money" part, then the content approach is a good way to get your name out there. 

I would do a few BRRR deals (SFR or small multis) and then re-assess your situation.

If I were to go this route I would clearly identify each of these risks individually, understand how the Govt would potentially challenge each of them and then assess in your particular fact pattern how you would effectively rebut a challenge to each. 

@Christopher MorrisTo assess a market, consider population growth, job market, economic growth, rent-to-price ratio, cost of living, school districts, and growth benchmarks.