You should definitely try to determine as much as possible about the seller's circumstances, and what business interests or other things are going on, aside from this property.

They have to make the determination of whether that premium makes sense or not.

That's a pretty big fix no matter what way you go about it, so I would do some real fast soul searching to determine if this deal will work without fixing it.

Are there other things that need to be considered to determine where the business really transacted?

Thanks, Jon, for the advice - Would the termite inspection report and the regular home inspection report be enough to determine all the repairs that may be needed ?

The cost of a rental is often much, much easier to determine.

When that single tenant dies/moves you'll likely have some substantial repairs/code violations/moderninzing.Your financial situation would determine my answers to your question.

Assuming I have MLS access for the subject property:To get an idea of ballpark value (within 5%) to determine whether or not the property warrants further consideration: About 90 seconds.To be very confident of my value (within 2%): About 7-8 minutes.Bear in mind, I only know two counties and only very specific pockets of those two counties.

You determine the value that makes you want to sell and to be able to replace your cash flow.

But when I look back over the entire three days at everything I learn, you have to be freakin’ kidding me listening to people on the internet complain they didn’t learn anything.I just can’t see that.