I recently hired a property manager to handle almost everything, like the rental license, lead inspection, and repairs.

Here’s a quick checklist to cover your bases:Property Condition: Get a thorough inspection to assess major items like the roof, foundation, and HVAC—this helps you plan for any big repairs.Financials: Account for all costs, including taxes, insurance, maintenance, and property management fees if applicable.

Strategy is long term hold.Question - Apart from getting inspections done by a quality inspections company, what other items do I need to verify or consider as part of due diligence, before closing or in order to decide Go-No-Go?

Lauderdale, FL•North Palm Beach, FL•Plantation, FL•Pompano Beach, FLThese acquisitions were done creatively, assuming the existing loans via subject-to deals without inspections.

Unfortunately being a rookie I went with an inspector that came from a company that had a solid website and the inspection failed to spot many items.

It lost a significant amount of granules from home inspection and multiple roofers.

You can do as little as 0% down and maybe even get money back at closing if you can implement seller credits into your offer during the inspection period or prior to going in contract. 

The Earnest Money Deposit (EMD) is refundable during the Due Diligence (inspection) period, and goes hard at the expiration of the DD period.

We'll have our agent, myself, our handyman and a trusted contractor we have worked with for many years, my husband and my son whenever possible when we do inspections.

Even with a professional inspection you can't predict the future.