I am also just scratching the surface in REI.

At the bare minimum, you'd want to collect the following details from the current owner (or their Agent representative)... details which you'll definitely need for your financier / hard money lender:Current rent roll (which will also tell you appx vacancy %).Monthly expenses (they should have this, or at least a ballpark of it quarterly / annually).Owner's tax return (or at least the P&Ls for this building).Any major repairs needed.Any major improvements / upgrades / renovations / repairs recently completed.This is really just scratching the surface on a big deal like the apartment building here, however, it might be a hot one, so don't be intimidated.Find other experienced people in your local market you can work with, refer to them for their expertise, and if they are also excited about the deal, you know it's hot.Hope this is helpful, and best of luck!

This is a more complicated question than it may appear on the surface - there are so many different neighborhoods in St Louis (79!)

There's so much to learn and I'm barely just scratching the surface of REIAt this early stage, I'm primarily interested in buy-and-hold cash-flowing turnkey investments (how about BAHCFTKI as a new acronym!).

Having limited knowledge about how this all works is somewhat  unsettling and given that I don't have the same amount of time on my side for making mistakes (and recovering from them) as a younger person would - it seems foolish to throw caution to the wind and dive in because something "looks like a good deal" on the surface.

In order to delead, all surfaces need to be scraped to 5 feet high.

I say this as someone not in your market and with no skin in the game @Chad Duncan.

But Kitchen/Livingroom/Bathroom/hallway all have uneven tile-surfaced floor - either sloped or wave-shape.

., structure plumbing, foundation, etc. ( the normal needs) but needs paint, TLC, floor update, surface work to attract a good tenant wiling to pay top dollar for a good landlord. that would be something that is an update not needing much permitting.

I was just trying to figure out if I would have a better chance of getting the loan if I put some of my own skin in the game since I cant put much sweat equity because I would be working my job.