In the multi-family space this is a big deal assuming there have been recent renovations.If if it's an old building that hasn't been improved since more stringent regulation came to your area then it's possible that it just never had a CO issued because COs didn't exist then, but you can usually judge this by the age and appearance of the interior of the building.

I too am a newbie but I do know that when you're screening tenants you'll want to make sure that you're doing it the same way for everyone and that you have your tenant requirements based on something that can be measured and in writing so you don't break any Fair Housing Laws.

Painting and flooring are going to be about the only ones on that list that you can reliably estimate with measurements the others will be a rougher estimate. 

Areas that are saturated and for non special houses in those areas, they are not getting the bookings they once were.Agreed, "market demand" (however measured), and even whatever AirDNA spits out are only single data points.

Unfortunately for entrepreneurs, all conventional loans measure DTI.

FIDO Score measures the level of risk a property manager may assume for housing a specific household pet and its owner.

Maybe a careful refi can boost that significantly while not hurting coc too much or putting you at risk.Nobody ever talks about the COF index that is the truest measure of the success of your investment.

Measure.5.

There are like 37 measures to judge an investment on, so not all investors will have the same needs, but whatever your metrics are, you have to make sure that the purchase fits.

Determine a metric you care about, such as CoC return, or ROE, or IRR, or monthly cashflow amount and use those measurements. 1% rule is just a do the math in your head thing, but in appreciating markets you'd never find any deals to buy if that's all you use.