I would like to know what to look for as far as weak points, so when we rent it out it is ready with as few surprises as possible.

That is total b.s. and shows that the landlord you're talking to is weak.

Owners can be very motivated to sell or at least find help in a moment of weakness, having been beaten up by a city bureaucrat just moments before you approach them.

If you see weakness, then of course you would assume the opposite.So your projections about future cash flow, cap rates, and overall IRR will in fact be driven by the larger economic and market issues.

The lenders examined the records for the last five years and weak years back in 2007 and 2008 hurt the value.

If a property is not offered with seller financing then you'll need to introduce the idea with your initial offer. 10% down on land only is a little weak, but deals have been done with less.

$100 per month cash flow seems weak at best, dangerous at worst.

Number Sold, Percent Sold and Gap all had a weak 2019.

Unskilled buyers often look for high cap rates and just spin wheels learning with limited years left on lease, weak tenant, poor location, price point too small they won't be able to get the debt they are seeking.Some people get upset when I tell them the reality.

Cons:  it's ground up construction  - know your builder, their strengths, their timeframes, and their weak links.