The development encompasses residential, commercial, and hospitality components and consists of two parts: Phase 1 comprises 3 buildings located at 248 Tioranda Avenue and Phase 2 comprises 8 buildings located at 555 South Avenue.

Along with your own home inspection once the property is completed.. make sure they are independent of the seller and are hired by you  ask an receive the scope of work for the rehab.. did they do a fluff and buff or did they actually replace major components like HVAC water heater new pex plumbing New electric mast and junction box.. those will be your bugaboos moving forward and if you buying a 20 year old home and these are not done your going to end up doing all of this over time..

Given that it's vacant, though, it has to be a more significant component of your analysis.

That report will contain a useful life schedule of structural components and fixtures.

Commodity prices are fairly stable with the energy component still very high.

Depreciation isn't a component of the calculation of Net Cash Flow, as it is a non-cash item.

After you do enough you will be able to do it yourself.And as @Jody Schnurrenberger recommended I always have properties professionally inspected.J Scott breaks down all the components and provides a checklist that you can take to your local big box store to find prices.  

This property was built in 1970 I'm assuming along the way some components  that will give out and thats fine I'm okay with that.

Beta is a measure of volatility and one component of risk.  

There are a ton of components that go into building a new home.