The main thing is understanding construction costs on a basement conversion like you are talking. 

If you have a chance to get in there and do a basic inspection then you can determine if you see something suspicious and want to order a more thorough inspection as they do give a due diligence period.

This is what I suspect - That all that other information is only vital/relevant if I plan on using it, but if I'm starting out as a basic salesperson I doubt I'll need to know all of it off the cuff.

The property is two stories with a basement and close to 1300 sqft with a tiny backyard and a big front porch.

@Tony Akhigbe I'm looking for a contractor to legalize a basement suite.

Can someone please share a basic spreadsheet template with me for tracking these expenses, etc. 

i have a basement where i used cassette mini split which throws air in all 4 directions as its a long 20ftX40ft space. in the other adjacent room i placed a wall mounted split. both of them have one condenser unit outside with a heat pump. its easy to maintain but its double the cost of the typical HVAC unit. for me a typical 1.5 ton unit costs around 6k unit and duct and labor. but with the ceiling mounted 4 way and wall mounted one way Mitsubishi costed me around 12k.

I've been using Stessa for years at a basic level with their free accounting package.

There are plenty of examples of how people have done ok from buying $30k and below properties, ok meaning they have rented them successfully,and  the properties have increased in valueSome in the areas I listed originally, some in other cities .Everyone has to start somewhere, and the most common new post is all about getting a foot on the ladder$30k is affordable, and it’s this market that attracts allcomers, so it’s clear that good solid information on areas, good and bad, financial solutions both the obvious and the more creative are all helpful....if they apply tod this market, this situationAnyone astute enough to want to get involved in the first place is going to chose a property that has potential to increase in value over one in the roughest part of town , that’s doesnt need explaining in reams and reams of type.....we are not 12 years old, we have a basic grasp of mathematics and a modicum of common sense !

Everything comes through a small opening and spreads out but the ground above shifts like the sand in the top of an hour glass.This is known as "Mine Subsidence" (Sub-Side-ence) and it can cause a basement floor to drop three feet straight down but leave the walls in place but damaged.