Ordering an appraisal for such a small property would be silly. 

There are different types of investments like residential properties, commercial real estate, or short-term rentals.

Well we'd need a lot more details on the property before anyone can help.

@Jon Martin You are right , if you don t know how to market a property and get direct reservations you should not attempt to co-host or triple net lease a property.You fail to mention that leases on a property can be as long as 30 years.Long leases are a way to give both property owners and management companies favorable terMs.

In some cases up to 85% of the sales price of the property is accessible on purchase transactions. 

We need to analyze better the deal but looking at it and because is in Mesquite I feel that a rent to own may work.I have a property on my own where I am looking to explore this as well.

What kind of properties are you buying and why do you feel you need inspections?

I currently have a more basic understanding, I've down quite a bit of the work for most of my properties. 

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

I am planning to buy my first 2-family property in Schenectady and is curious to know how the rental market has been in past 1 or 2 years in Schenectady and what are the projections, and if anyone has a recent experience with a similar purchase.