Must have some handyman skills and knowledge of the various types of work, evaluating the quality of the work, ability to negotiate with contractors and supervise them, etc.

I'm now able to evaluate what is a deal and what is not.

Learn how to evaluate values, both current and exit values, as well as how to evaluate rehab expenses (for flip purchases) and/or cash flow (real cash flow - for buy and holders).

Wouldn't want a property to take up too much of my time so would have to factor that into my evaluation of a deal.

It's high energy and loads of fun after days filled with evaluating numbers on deals and talking to buyers and sellers....We land these gigs because my husband used to be an auctioneer himself (which he sorely misses) so it's good fun from time to time when we get called in to help out.

* Get copies of tenant files including original apps and credit report, and evaluate the tenants.

One thesis I was evaluating was purchasing 4-plexes that need only light rehab at the worst, maximizing the units I could conventionally finance for 30-years at low rates, as well as gaining obvious economies of scale on closing costs and property maintenance, then turning to my community banker for purchasing REOs and other distressed properties, with all meeting (or nearly meeting) the 2%/50% guidelines (adjusted up or down based on "risk" of location and frequency of expected turnover).

Trying to rely on an outside person to evaluate this item is placing a lot of trust and responsibility on another and as a business owner, I would never do such a thing.

Im not familiar with all of them but I’m sure some of your answers are there.A few things you will need before you make an offer is a buyerlist to market your deals to and you will need to be able to evaluate a property to see if it is actually a deal worth pursing.

What you are promoting is a service where a lot of their homework is done up front for them and they can quickly do a first evaluation on deals.