If your personal assessment of the risks involved preclude your continuing rental of the property we fully understand that.

Seller will pay all taxes and assessments due and payable to the date of closing.

Honestly, there's no way that you can make accurate assessments of deals if your budget could potentially sway by over $35k.

Depending on the type(s) of investing you want to do, there may be better websites to recommend.For buy and hold, I'd try to find access to your local tax assessment site (preferably something that has as much info on every property in your local as possible).

The best way is to have a Physical Needs Assessment or Property Condition Report done with estimated life and replacement costs for the major systems then build an item by item budget for each.

Credit score isn't, and shouldn't, be the end all be all in assessing a tenants eligibility to rent.

No dishwasher/disposals in lower end rentals, just basic appliances fridge & stove.I would market it for $700-$750 per month and assess if I need to reduce the price based on interest/feedback once it's actually on the rental market.

You are not a loan underwriter as that requires experience in assessing risks, apply prudent lending practices which is not really covered in that 20+ hour class.

I would request the tenant's entire file which would include application, credit/background info, copies of identification and security deposit information.I believe security deposit will be transferred/credited to you upon closing, but you can get clarification from your closing agent/attorney.Once you close on the property, send the tenants a letter introducing yourself/your company as the new owner/manager with contact information, how/who to contact for maintenance request, how to pay rent and what will take place within the next few weeks regarding setting appointments for walk thru inspection to assess for repairs/upgrades and meet the tenants, signing new leases, requesting updated documentation (proof of income/identification ) and things of that nature

You also have to worry about special assessments, an unexpected expense to the complex that everyone must pay for (i.e. elevator breaks, roof top pool leaks, building needs painting, lawsuit, etc.).The associations can also change the bylaws and rules limiting the amount of units that can be rentals (this happened to me in a residential subdivision with an HOA) or require owners to live in properties for at least a year before renting them out, even if the tenant already lives there and an investor buys it.They also have the power to nitpick you about little maintenance items.