@Abigail Dickinson, Given the historically low cost of money and probability of inflation to come the best position is to have as much long term debt as you can. 

P & L Historical's are going to be asked for on both the tenant and building, 2-3 years should be available.

If they cannot make it out, take pictures of all the items that you think you will need to repairs, come up with your own estimates, and ask you GC/PM for feedbackVacancy: based on the market and the historical vacancy.

Now the Fed pivoting if we look back in history is historically a bad sign for assets with most the damage coming after they cut rates.

Historical patterns are the best way to predict future patterns.

As many areas in Denver, my neighborhood is being rolled-over by developers scrapping beautiful and historic single family homes (I live in a historic area).  

Historically our area has seen about 3-4% over the last 40-50 years.

Often the rental returns on both short, medium and long term have been worth the capital investment and result in double or triple the historical income dependent on usage. 

Here are some resources and tips to help you get started:Real Estate Websites: Websites such as Zillow, Redfin, and Realtor.com can provide you with a wealth of information about the housing market, including current home prices, property taxes, and historical sales data.

Start with the right mindset and set the right expectationsIn a competitive market, with historically low mortgage rates coupled with extremely low home inventory, expect to make lots of offers before you get a deal under contract.