Obviously aware of the major costs to consider (down payment, insurance, closing costs, etc) but was looking for help on other costs to include during that evaluation.Rehab costs will be specific to each property but just wanted to make sure there wasn't anything major I was missing! 

However, the lodging tax is NOT included in this average daily rate. 

The buying investor expects Class B results, but they get Class C results because the Location Class is more important than the Building Class.3) Best is if you can invest locally, so you can be more hands-on.

Many people claim you need one for risk mitigation, but you can get an umbrella policy on your homeowners insurance and mandate your tenants get renter's insurance with you included as an interest or insured to help mitigate this.

The postings created by a property management company will likely include the property management company's information in the description (they may even have their name watermarked on all of the listing photos).

Trying to understand the Net Profits Tax structure and filing and I have a few questions:1) My understanding is that out-of-state rental income is subject to NPT though a credit is applied for any taxes paid to another locality (state tax not included).

In addition to what @Manny Vasquez said, which is correct, Capacity includeds the age and abilty to enter into a contract.

I have done my research online and it doesn't seem like the strongest market (population is stagnant, crime rate is not the best, job industry isn't very strong) but I know personal accounts are important as well. 

28 months to make up $700 increase per month at a $20k rehab (which depending on scope, may be underestimated).this doesn’t include lost revenue from vacancy while completing the rehab. 

-negotiate if you can and always remember this may be the most important step-due diligence, make sure zoning regulations don't cause you any problems in the future-purchase agreement - this outlines the terms of the sale, make sure you have a lawyer review this-financing - if they are owner financing that is great, if not try to have this secured before signing a contract-closing - commercial property closing is much simpler and has less documents than a residential closingHope this helps.