Find out what their terms and conditions are and work backward from there.

Our deals are conservatively underwritten and the operators that I work with turn away a lot of good deals to find the best markets, deals in those markets, include a margin for unforseen market conditions. 

From there, potential additional revenue opportunities can be identified.Unit Conditions and RenovationsUnless the property in consideration is a brand-new complex with new systems and appliances, it is critical to an investor’s forecast to understand each unit’s makeup, i.e. flooring, types of appliances, countertops, etc., and condition.

On a similar note, the house will be rented at the time of appraisal, ideally the renter will be keeping it in good shape and clean but has anyone used any specific tips in the past to ensure the house is in the best condition possible for the appraisal?

The extent of those was based on overall condition of house.  

In normal conditions that wouldn't be a big problem, but you should be getting a discount on price for the headache you are going to have to deal with. 

Upon letting pest control into their apartment that Monday, I discovered that their unit was not kept in sanitary conditions.

The only knowledge of the property/condition is from public record and just driving by. 

Are the driveway and walkways in good condition?

Properties under 100K are high risk singles or doubles in tough areas.It’s important you understand what areas you are getting into and what the risk is on each property.I have seen a ton of investors chase what we call “paper returns”They look great on a spreadsheet but reality can be painfully different.Location is the first most important category, asset condition is second, returns are third.You have to have a grading system and an analysis system in place to find a great property.