The list to look for is extensive: mechanical, electrical, plumbing, structure, layout, terminate damage, mold......Can only be learned over time and after viewing multiple properties with and without issues.  

Total Cash: $36,000 1% Rule = 1.49%Monthly rents: $2,200Monthly exp:Taxes $220Ins $120Lawn $42 (5 months @$100)Util $200Mortg $646 Maint $154 (7%)Mgr fees $176 (8%)Vacan $110 (5%)Cash flow: $532 What made you interested in investing in this type of deal?

Additionally, you would need to check if the "market rent" you are referring to includes or excludes utilities. 

Hi,On a 8-plex we are offering on, the seller utilized a 5% cap rate with existing NOI(30k) to arrive at 600k purchase price.

., and my correlation points to this: investors like AH4R "play" in a small market at the bottom end of the price range that is about 3% of the total available market, max.You mentioned data sets, so please disclose your source I tracked this market extensively until about 4 years ago, so I am curious to know if your programs are like mine. 

Lease is for 2100, but that does not include utilities, which is about 400 per month as well.  125 month set aside for CapEx.  

Any rental income you receive minus expenses (mortgage, insurance, utilities ) will count against the income threshold as well. 

Ours is in an area that is primarily summer only but with continuous improvements and a good rental manager our utilization is increasing into spring and fall.Best part about vacation Rentals, no concerns about evictions.Worst part, extremely hard to cash flow with traditional LTV rates.

I have SFHs and a few small apartment complexes, but this would be a first for me.Quick run-down:45 lots, with no room to expand18 full - 15 POH and 3 paying just lot rentPublic Utilities, proper zoning, paved streetsSmall town, around 45 minutes from any sizable town; around ~2,500 residents that are mostly blue collar, lower incomeI believe lot rent should be around $250-300 per spot once full and stabilizedCurrent asking price is around $200k, with expenses running around 35-40% of gross incomeMy initial plan would be to give all POH to the current tenants if they agree to re-sign lot leases and update all utilities and other facilities as necessary in order be prepared for additional homes being moved in.  

It has a small house hooked up to utilities on it that would need to be demolished.