I'll examine the old lease as well.Thanks again,Mark

Examine the Certificate of Occupancy, review the building's SRO status on DOB, and analyze the rent roll for clues such as preferred rents. 

However, there is an issue of timeframe here, because in the MBL requirements it states that: "(c) Has had a minimum of three years of licensed experience as a fulltime real estate broker in this state or in another jurisdiction having comparable requirements within the five years previous to applying for the managing broker's license examination or is otherwise qualified by reason of practical experience in a business allied with or related to real estate as prescribed by rule;" SO, now for the big pay off, my friends who have held on this long... my question is (drum roll, please) must military service have been within the last five years in order to satisfy this requirement?

You do have to examine tax benefits of ownership on single family homes.

Examine their management agreement, check to see if there is an out clause if you are dissatisfied, make sure it spells out the responsibilities of the owner and the property manager7.

So that is a total of 1600 sqft unusable area.(2) The pre-sale physical examination done by the seller shows that the air conditioning is at end of life, the roof needs maintenance, building needs new paint in 5 years, paving needs a sealcoat and restripe. 

Juan,I have already examined your profile and added you as a contact.

You might want to find out your internal rate of return (IRR), etc.Basically, there are lots of important measures of how well your investment will work for you on a deal, and you need to examine at least a couple of them to determine if it's a good deal or not.

@Eddie Salisbury  if the Feds enact another GOZONE for Harvey and for Irma ... you have to buy property in the affected counties however with Katrina it was a wide swath .. it extended all the way up to Jackson MS... which is where I invested.The program was open to any full time real estate professional... what you could not do though is say be a Doctor and then claim Gozone bene's  now there where a lot of shysters putting phony LLC's together .. as you know any great deal like this is going to bring the bad people out.. but upon tax examination they got their deductions disqualified plus penalties..

, are they professional, check their social media to see if there are any problems, find out if they have STDs because you are financially getting in bed with them (OK..... this is a joke for anyone who is taking this literally), etc.Believe me, when you Partner with me, I investigate you more than the Bank does.I have about 12 Partners and I know them extremely well and they submitted to my examination.