We viewed it on a snowy day.

View report*This link comes directly from our calculators, based on information input by the member who posted.What do you guys think for a BRRRR?

Tenant won't allow you to view the unit so you can't verify what you are buying.

An appraiser will view the property and if the repairs are extensive they can be called out and create challenges.

I don't live or die by the 1% "rule" but use it as a quick screening to see if a property might make sense.

Every company will have vacancy and the occasional bad tenant, these risks are unavoidable (not every nightmare tenant is a felon with bad credit, after all), so it's important to take a broad view of user experience and ask about what the company does to minimize the risks where they can.Pay attention to language.

I almost view it as paying to go to real estate college.

Less cost to enter the market, less demanding tenants (if you screen them correctly), and more opportunity for value add which is critical to generating solid cash flow. 

If you cannot find the documents to support the buildings current use as a three family, ask the city what they view the property as.

Also I recommend to get all the applications for the tenants or require all tenants to be screened (at sellers cost, 40 a adult is good).