So, if you're going through you'll start to dissect the house into components and then put an age and condition on them.  

Seller needed to complete a verification form.

The same area price I paid in 2013 was 40% of what this guy paid for his; when taking into the consideration of age, condition & square footage of the house. 

Tenant in one has been in place for 14 yrs (single mom and two school age sons), another for 8 yrs (single senior woman), another for 3 yrs (brother & sister) and we are gearing up to rent our newest acquisition, the smallest house, to another tenant (single mom and adult son).

I usually included the basic details like address, #beds, #baths, sqft, age and occupancy, ARV, estimated repairs and my wholesale price.

In this day and age, it is easy to forge reports with a few clicks of the mouse. 

Mitch -Depending on the age and quality of the brick, the wire wheel might just tear it up.

Age does not define work ethic. 

Looking for signs of leaks is my #1 reason for annual interim inspections...I always check under sinks (taking pics) and also take pics of ceilings in general, especially bathroom and kitchens, and floors in all the suspect areas (toilet, tub, laundry, sink base, under-counter water heater, etc.) and depending on the apparent age of the unit, I try to get a look at accessible window sills if this is an issue I have any concern about.

We have our own construction company with 2 construction supervisors and we are training 4 project managers now to manage the estimates, contract documents, w-9, scheduling, Gantt charts, detailed scope of work, contractor verifications and contracts, coordination with designer on material specs, invitation to bid to subs, lien releases, permits, etc.