I was bidding on a homepath proeprty which underwent 2 price reductions.  

Despite that, their hospital just underwent major renovations and they've just completed a brand new mental health care facility set to open this month.  

I'd love to hear your thoughts on those steps you underwent to get to your first deal.e.g.

The property also had to be in an area with a high inventory of possible future properties since scale is a very important consideration to growth.Once I took a look, I saw that the numbers could work if I could get it for 80k or under. We

Financial - copies of P&Ls along with their corresponding tax returns/bank deposits to prove them, a current rent roll (and depending on the size) estoppel letters from the tenants confirming lease charges are what is represented in the rent roll, a thorough lease audit of all tenants to include the screening they underwent before being handed keys, last 3-5 years of insurance loss runs from the owners carrier, and understanding the property tax assessment and how a sale might change the current charges.3.

Both had underwent fairly recent renewals of the units (5yrs), but one was still operating with a common boiler, albeit upgraded to a fairly efficient natural gas boiler, while the other had been converted to electric resistance heating about 20years ago, putting the costs of heating in the hands of the tenant.  

The buildings underwent massive rehabs so they are easier to manage than the average c-class property. 

Financial - copies of P&Ls along with their corresponding tax returns/bank deposits to prove them, a current rent roll (and depending on the size) estoppel letters from the tenants confirming lease charges are what is represented in the rent roll, a thorough lease audit of all tenants to include the screening they underwent before being handed keys, last 3-5 years of insurance loss runs from the owners carrier, and understanding the property tax assessment and how a sale might change the current charges.3.

As a landlord, keep in perspective, keep in perspective the social licence we operate under. We

It is currently home to two tenants on NNN leases for the next several years, and the property recently underwent a major rehab.