I am looking to get all of the numbers from him, do my own due diligence and use some of the tools on this website to evaluate the deal.

From there, you'll need to find a good deal and refine your evaluation.

There is difficulty in evaluating the load-bearing capacity of historical, non-milled framing members.

"It evaluates how much life they have left and how much they're likely to cost when they wear out.

The last area I was looking at buying turned out to be in the new flood zone maps, which is why I've been researching so much about this, as now I cannot afford to look there and need to re-evaluate.

We required a criminal background check and we had written policies in place on how to evaluate them but a felony conviction as described here and FULLY DISCLOSED on the application would not be an automatic rejection.Also, I read elsewhere on here where some were saying you should have a written list of what will cause an automatic rejection of an application to give to potential renters.

Look forward to seeing posts about your progress and success in the near future!!

We considered many factors, some of which have already been mentioned.Condition of individual unitsPayment history of current tenantsMarket rentsLease expirations per unitLow rental seasonVacanciesThe first thing we realized was rents were definitely way below market, so there was definitely going to be a general increase, then based upon the previously mentioned factors, we evaluated each unit and respective tenant and made increases accordingly.

What type of investment does one need for an appraiser vs realtor and what liabilities or other concerns should a person consider evaluating these ?

Good luck, keep me informed of your progress.