The applicant I was evaluating was not the same person who had the eviction (lots of back and forth to that landlord to be certain about this).I ended up accepting all of the above applicants, and had no troubles with evictions (although one did occasionally pay late but also paid late fee when that happened).Sometimes you rely on things other than the reports when making such decisions...

Then, I evaluate the comps by comparing it to the subject property.For improvements, the inspector has to be knowledgable--I screen them thoroughly, get references, find out their licensing, how many inspections they've done, take a look at their sample reports, etc.

I'm evaluating a deal that on paper looks fantastic.The numbers all work out, the property is in a great location, the price is incredible etc. etc.The thing is I have this nagging feeling that I'm missing something, the "this is to good to be true" feeling.

(Please be sure to evaluate usury laws in the state you are lending in).Option 2.

I will never understand why it is that when I want to evaluate a commercial multifamily property that I have to look at an executive summary that is 100 pages long with 20 of them being the nicest pictures you can see and 12 comps for the area.

You won't know about properties taken until they are offered to an extent, since you could know that XYS Bank has an REO and then find out the bank is being closed, therefore..etc. but there is no short cut until the assets have been evaluated and they are ready to sell.

When your ready feel free to ask questions and share your finds so that we can help you evaluate them.Do you have any idea yet what types of properties your looking for or your investment strategy?

I would need to know these things to really help you evaluate such deal as everything has a price.

I did not post in the forums where others are asked to evaluate a "deal" specifically because I really want to discuss a particular aspect of the deal - in this case marketing to potential ideal buyers.

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.