Near the university and downtownProperty B Triplex-Asking 559,000Rents total- 2903Current taxes-4032I have not gotten insurance estimates yetOwner pays heat, there is central HVAC and washer/dryer in each unit.

Wiring causes fires when it's over heated, so one of the best things to do is put in LED bulbs to lessen the heat

This may seem like a simple thing and its not related to metrics but from a mechanical standpoint I like to find properties with electric baseboard heat. 

Do you hire a contractor who can give you a rehab/repairs estimate, or do you hire an inspector who can review the structural integrity of the house (i.e. check on the plumbing, water, heating, gas, electrical, foundation, drainage, roof, termite, radon, etc)?

Driving the neighborhoods is definitely your best indicator, crime heat maps, etc.I don’t know Lake Worth that well, but I believe the worst areas are south of Lake Worth rd, west of Dixie Hwy.WPB, worst areas are just north of the CBD, again west of Dixie...like 7th st up to 25-30th st.  

I would get info on the following to help your agent with the search:- 3 to 5 year claims history of the property from the current owner- when there have been updates to the roof, plumbing, heating, electrical- whether or not the tentants have pets (specifically what breed if dogs)- who handles the upkeep (ie. property manager, owner, tenants, etc.)- what alarms (burglar, fire, smoke, CO, etc..) are in place and what other safety features (extinguishers, fire doors, emergency lights, video survelliance, etc.) that are presentThis type of info needs to be gotten from the current owner or property manager and they are more likely to get it for you when you are a potential buyer than after. 

Unfortunately my mortgage broker tells me it will be hard tofinance.The bank will want to include the cost of heating and will only consider 50% of the revenues.Which means that it will look like I’m almost just breaking even and I am only making 850$ a month.

The puget sound market is pretty inflated as it is, so you may have an easier time riding out any upcoming correction in a less heated market.

New heating / plumbing / electrical How did you find this deal and how did you negotiate it?

They are 3 bedroom, 1 bath, central heat and air.