It's important to understand the local market, navigate landlord-tenant laws, and have realistic expectations about cash flow.

Obviously, this can impact your overall cash flow. 6) it’s important to find an agent that knows the area well and understands how to work with an investor, as the process is very different than buying a primary residence. these are all things to consider, and there is going to be a learning curve associated with the process.

This speaks to what @Russell Brazil said about being thorough and making sure you understand what needs to be done.I certainly agree with what @Bill J Fay said about the before & after, but, if the property is bad enough, you might want a contractor for the first inspection.

My first thought is use this time to understand the quality of living that your future tenants will inherent if they rent from you. 

Pace Morby doesn't seem to understand overleveraging, Due on Sale, title reports, the need for your own money and much more.

People do not understand how impactful commercial is on the banks.

So if you're interested in flipping, find someone who really understands that, not someone who sells commercial real estate. 

Obviously, this can impact your overall cash flow. 6) it’s important to find an agent that knows the area well and understands how to work with an investor, as the process is very different than buying a primary residence. these are all things to consider, and there is going to be a learning curve associated with the process.

Cap Rates are a shortcut to understanding value at a 10,000 foot level.

I wish this stuff was taught in school so people could understand it better and make better choices in who represents them.