If their documentation is substantially different from their tax return I would be pretty careful with my approach to the deal.After assessing their reported expenses, you need to recalibrate with your own expense assumptions, near and mid term capital upgrades to arrive a CAP rate that will cash flow, pay for repairs, maintenance, upgrades and save enough money to replace end-of-life infrastructure.Your plan of test driving your analysis skills on several real live properties is a good one.

On second thought I would have only sent out a limited number of direct mail anyways (in order to test different messages, YLs, postcards, etc.), so the lower number shouldn't necessarily be discouraging.

I recommend having enough education to Ace the real estate license test in the state where you plan to do business.How much law education do you have - both business and real estate law?

Florida has a crazy license/certification for asbestos consultants, but they are still plentiful, so you need to find one. 1970s is too new to have LBP, but it must be assumed to be present, so testing for it is money well-spent.

To be honest I didn't get into too much detail yet with the figures as I'm fairly new to the landlord game, but I did do a quick test run and it looked really good.

The included web portal is actually pretty usable if you don't already have a separate website.All of the big cloud based options give you a week or more of free time to test their platforms.

I have seen it crack and scratch horribly in less than a year.A great test with any hard flooring product is to take one plank, tile or section of it and use a couple cleaning products, a scotch brite pad and then try to make a few scratches with your keys.

However, if you do decide to go through the class I would definitely recommend taking the test as I think it would serve you well in your investing career for the reasons I mentioned above.

It does probably warrant a deeper look since it does pass the sniff test, as long as your nose isn't super sensitive

We would spot test windows with a hose after we installed them.