When you find out the present zoning of the property, the future land use and the local agencies comprehensive plan for how they see the area being developed (all can be done at the local planning office) you will have a much better idea of what you have just bought.If the land could in any way be developed into something more than single family residential lots, i.e. if there is any multi-family or commercial component than I would advise you to hire someone qualified to help you with the site planning of the development.

Visiting the property in person is beneficial too, as it helps you understand the flow of the house and assess how well it can be marketed later on.For turnkey properties updated by previous owners who lived there can be a good buy.

I also had to take time to assess all the furniture.

Taxes are high too, with new assessments soon (but still lower than Cuyahoga Cty). 

Hey,I’m transitioning from single-family to multi-family investments and looking for a comprehensive, practical course.

I decided to stop buying and re-assess. 

We are all right since it’s our money, our risk assessment and we each know our total story.I like the stock market Longterm 15 years and out.  

Second, I look at listing photos and Google Earth Street View to assess the condition further.Third, I determine a rehab scope and run it by my agent.I have my agent, inspector, and contractor walk the property together.

I’d love to hear about environmental assessments, soil tests, and any other pre-development evaluations

For that reason I built a full-functioning cash flow model taking into account hard money, the mortgage refinance and all relevant operating expenses to assess monthly cash flow.