Current owner is asking WAY too much (2.5 assessment), and they do Airbnb with it. 

It’s smart to research the area's saturation on STR platforms to assess competition, pricing, and occupancy rates.

In your assessment, is the carpet in good condition? 

Buy a few leads—start with a small test amount—and assess their quality for yourself.

A condo HOA can decide they want to replace all the roofs, but if the bank account is low, hit you with a $5,000 special assessment.

ROI factors in rental income, operating expenses, real estate market health, and property appreciation to assess the potential return.

I would be on the lookout for the current condition of the units and building while you're walking through to assess how well it's maintained.

We negotiated a favorable deal by assessing the needed renovations and offering $60,000 to secure it quickly.

I was able to side step financial fees but the person funding the project was assessed a 26k debt because I and all subs were viewed as employees.

To do this, divide the cost based on the ratio of the fair market value (FMV) of each asset to the total FMV of the entire property at the time of purchase.If you are uncertain about the FMVs of the land and the buildings, you can alternatively allocate the cost based on their assessed values for property tax purposes.Source: IRS Publication 527 (Residential Rental Property)