I strongly recommend a Phase 1 Environmental Site Assessment (also called a Phase I ESA).

And make sure that all items necessary for you to get the best rate possible from your carrier (like 4 point inspections, roof attachment points, pool enclosures etc) are present or available.One nasty little factor that can't be helped is that every time you buy a property for more than than last owner paid - you will have a tax bump due to re-assessment. 

As a result, many condo associations are raising dues and issuing special assessments to cover these costs.Impact and Solutions:The combination of new regulations and rising costs is creating a financial strain on many condo owners, especially those in older buildings.

Cap Rate:To assess the overall profitability of the property, calculate the cap rate.

The reality is that every market has a hand full of agents who personally do 50+ deals a year and have done that for a decade, compared to the average agent, who is in business less than 2 years and has done maybe a dozen deals in their career.Experience matters when things go sideways.

Purpose & Use DSCR (Debt Service Coverage Ratio): Used by lenders to assess whether a property generates enough income to cover its debt payments (principal and interest).

I have invested in or funded (equity & debt) thousands of units in dozens of states with or on behalf of a variety of domestic and non-U.S. private equity funds, family offices, and institutional investors, and also co-founded / operated several businesses.

I would think and assess if it actually needs a new kitchen (if there are cabinets there already just old, can you paint them and put new knobs on)?

I have helped dozens of people buy and sell functioning homes.

On average the best efficiency one could realistically strive for is 200 doors per PM, so we are talking a couple dozen or so PM's on staff.