You want to make sure there are no environmental issues if it was used for purposes like a mechanic's shop or dry cleaners, etc.And rely on your real estate agent to connect you with the right people to help do this investigative work.

The USPS wouldn't deliver mail until the city created the address 1000 Main Street, which took a city council vote.I lived in a city where splitting a property into multiple addresses required an environmental impact report (more traffic, more parking, more occupancy, zoning issues, and so forth).

Age of the property - The older the property, the more maintenance it will require, unless all the major systems and components have been updated recently.Property cost - There is a tendency for new investors to choose locations with very inexpensive properties.

Make sure that he knows what kind of loan he has on an STR...if its a investor / DSCR / Business Purpose loan then it has a non-owner occupant component and it would be a violation of the loan document for him to occupy as his primary.

We had a tenant updating a log daily to insure we’re don’t have any red flags or spike in usage to help detect any issues, but he’s taking a full time job and can no longer commit to the daily monitoring.We have a Sensus flow meter that appears to have remote monitoring of options, but there’s not a lot of contacts with experience with the products and it appears to need a lot of other components in-order to access all of its functions.We could use a whole home remote meter, but I wasn’t sure due to the total usage volume with a 26 home park if that would be an intelligent route or not.Primary need is remote reading of the water usage.Thanks for any insights you can provide!

I believe they may have done a little research because the numbers are close to one comp on market right now (but not the other 5-10).

Useful life is the average years a component is expected to operate between repair or replacement.

To be clear, I'm not looking for a CRM or gimmicky system that does not contain all the components of a true marketing system from planning, execution, tracking, and calendar functions...to name a few. 

I did not concern myself with the design life of things: every component has a life expecatation before it needs replaced. 30 year roofs last 25 years and you can wait until you have water damage or do something before. 

You would need to sit down with every potential buyer and go through it with them, which would increase your time component in the project dramatically.