This works OK for relatively static and simple investments like a private placement or crowdfund, but can become rather cumbersome and expensive with a more time sensitive and transaction intensive asset such as a rental property.

I like it especially the sensitivity analysis on the occupancy and cap rates.

Hi Nitin Gove,Here are some ways to safeguard your new out-of-state rental property:1.

Is there anything I should include in my offer letter to safeguard my interests?

"give you their MLS access info"If you are a broker or agent do not do this.It opens you up to liability and being booted from your current brokerage along with a possible sanction from your real estate commission.Many MLS's have private contact info for sellers,showing times,and property access codes along with other sensitive data.This is not something the public should have access to for safety reasons.If their is a public MLS info system that is different.

While you might not pay the bill, low income tenants may be particularly sensitive to the burden.

Though most lower income properties have Formica which is even more heat sensitive.

The firm should be specialized in rental only locally in Brooklyn or queens and the firm should be big with at least 10 computers to show clients that they are expert and their sensitive documents are protected.

This works OK for relatively static and simple investments like a private placement or crowdfund, but can become rather cumbersome and expensive with a more time sensitive and transaction intensive asset such as a rental property.

Any such work requires a very robust analysis that uniformly includes sensitivity assessment of RISK.