If you run into McDonnell and Assoc, run, not walk in the other direction.....My CPA is Geoff Chatham.  

I won't go on with the novel, but he are some other red flags: 1) When I showed up to the acquisition manager's house, his wife was running late as she was coming from two eviction hearings at court that morning. 2) At one point on the tour, a young man dressed in stereotypical ghetto ware approached both the PM and Myself in front of a house (I wasn't sure if he was going to try and sell us drugs or what) and said that we didn't look like we belonged in the neighborhood and "are you guys investors?".

And honestly, in the short run its going to be much cheaper to refinish them than to cover them up.  

I mean what are you going to do run water and plumb a toilet and tie into the existing sewer/drain field?

I do tell folks they can check with local utility companies that service the properties to find out what previous bills have run.   

From my experience I don't think you can ever go wrong running your numbers at 10% just to be safe. 

Hi, I'm a mechanical engineer running a couple of business right now.  

There are times though where I run into a great deal, but because of my fiduciary duty to my clients I have to tell them what their property is truly worth.

@Michael Prim if you are a new investor and this is your first crack at it, I'd try and hook up with a mentor, someone you can trust to run the numbers with you.

I would start running the numbers on various deals.