Thankyou for all the helpful and quick information and thankyou for such an in depth response @Albert Bui I am claiming my rental income through an llc i started for the tax benefits, how will they look at it?

I wrote about it in depth on the BP blog Driving for Dollars guide.

I should have been more clear, I am specifically speaking to in the beginning stages when I'm looking for a basic price range before getting super in depth and spending someone else's time.

You will find a huge breadth and depth of knowledge here that will likely already have answered the questions you didn't know to ask :)

What else should I need to do a more in depth analysis of this property?

I'm trying to think of whether landlord insurance covers this--I want to look at my policy in more depth now.  

and other times have made great deals.Feel free to shoot me a PM and we can talk more in depth about my personal favorite markets in town and where I would stay away from.

I will be bringing an electrician to look at the wiring to make sure I did not miss anything, and will be paying for an in depth inspection, and from what I saw there maybe be a storage tank as I saw a pipe coming from the ground labeled 'Oil' which I will be looking into.

I keep seeing the 2% rule as a nice starting point to weed out many areas before doing some in depth research when closing in on buying.

So in preparation for the appraiser doing a more in-depth analysis, I've been using the bank's GRM calculation to estimate my building's ARV.