I am hopeful the city council examines the ADU ordinace and opens it up to non owner occupants.

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

Examine the major systems in the house (plumbing electrical, roof etc)  and determine a budget over the next few years of capital expenses and factor that into your cash flow.

As soon as the due-diligence period starts, the property manager and a property inspector examine the property.

You should carefully examine the numbers for cash flow.

For example, a patient may implicitly enter a contract by visiting a doctor and being examined; if the patient refuses to pay after being examined, the patient has breached a contract implied in fact.

I know banks typically provide an appraiser but in this case I am also examining the possibility of owner financing and would like to have more options.

Look for real estate law groups, title examination boards, realtor boards/ etc. and choose an attorney from there.

I'm not a human doctor but I am a veterinarian, so I have a pretty good knowledge of the medical field and parasite issues :)The tenant should be examined by their own doctor......

I, too, agree with his philosophy in that it is quite easy to make money in a prosperous industry whereas it can be quite difficult to make money in a declining industry even if you have very talented people working for you.Although Buffett has not explicitly stated his investment criteria, if you examine his deals during his peak years, you will find that he liked buying companies with ROEs greater than 20% (with low leverage) and a P/E ratio of around 8 to 12.