Did you do a background check?

The older ones, just need more due diligence, but still make perfect sense.As some people were complaining about old houses, it sounds like they didn't do proper due diligence because if you don't check the plumbing with a scope, then its your own fault for not verifying the plumbing with a scope.

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You never know when your next commission check is coming.

Another method is you can search for comps in the area to find a duplex that is similar to your subject property - check the rent of duplexes nearby and make estimates.

Will add the following as we bought a competitor 3 years ago, 150 doors:1) Check the PM contracts CLOSELY for income opportunities.

As I said... open a few tanks and check for backflow, visit the health department and ask a few residents if you can. 

Don't think you can have homestead claim on LLC property, but check with the title lawyer.  

Those are the biggest two that are not allowed, but I would suggest checking in whatever state you are co-hosting/managing in.   

We've thought about seller financing, but can't imagine someone selling a $649k house for a small down payment and even smaller monthly checks.