You'll want to keep gutters functioning well and grade the ground around the foundation to minimize water issues in old foundations. thats just a small list.

When you acquire a property, a little due diligence and visual inspection will reveal an estimated "remaining" life for each element.

As far as rehabs go, my model is to do the bare minimum to get a place functional, not sore on the eyes, and occupied.

Also, there are no other visual distractions nearby. 

RE market can't function if mortgage rate > cap rate, esp. in CRE.So a continuous 7% mortgage would cause some disaster here and there, I suspect a CRE commercial to get hit first, especially a Class A apt size, as the note is non-QM based.

This is important because your future economic losses are a function of tenant base in a lot of ways.Question 2: Will they be attracted to this location?

So many visuals.

other investors, and those people also need an external forcing function to actually sell, it seems only some external stimulus would force (many?)

Basically went in and did a visual inspection with my maintenance guy, understood all the risks and made the strong offer the day of

Once you have a short list, get an account with each one and run them through the wringer to see how they really function.