Take a Snapshot of Where You AreFirst, examine 36 months of “actual” collections for each property—ideally this number should be trending northward.

If you were to examine the Business' tax returns or the Schedule E for 2 years, you will see if the tenants are having problems or verify that everything is great and that you can make a sound and solid offer.You can also discover if there were any deferred maintenance, legal problems, etc.Also, not every Broker/Agent will be on top of their game.I usually throw out the numbers given to me and just do my own, adjusting for vacancies, late payments/evictions, etc.Also, the Agent's fiduciary responsibility is to get the best deal for the Seller, not the buyer.

My wife found out about BP and after I examined what the community does for one another relative to education, networking, etc...we couldn't wait to join.  

As i am examining all angles to purchase investment properties.

As i am examining all angles to purchase investment properties.

Do not get hung up - get started and add as you need them if you are the DIY kind of person.https://www.irs.gov/businesses/cost-segregation-audit-techniques-guide-chapter-5-review-and-examination-of-a-cost-segregation-studyCheck this out.

I don't consider accounting my profession, I'm more of a finance and compliance type, auditor/examiner that requires an accounting education, tax folks are out own their own, I have no dog in that show. :) 

There are several programs that can help you in examining comparable values.  

There should be annually examination of at least six months gap.

Account ClosedYou need to consult an accountant who can examine your complete picture and advise you accordingly.