I'd be more than happy to provide COMPS, MLS access, accurate estimates of ARV, and cash buyers.

That way you can be (relatively) sure that the information you're getting is accurate.

Jewelry is rather tuff unless you know what it is, get it appraised at least by a jeweler and have a lock box arrangement, otherwise you might get a cubic Z.I do gold and it gets tested and locked up.But personal property needs to be identified and detailed on a UCC form, filed for record to perfect a security interest.

Considering the utilities will not be on, how do you know the pipes are ok, fixtures, electric/ heat works when you cannot test any of this stuff when looking?

@William Franklin While only reading books published since the credit crisis might be good if you were looking for something like How To Make A Million Dollars Overnight With No Money Down Flipping Houses* when it comes to apartment building investment there are many time tested principles which apply in any age.

Do i have to take tests and whatnot?

Once you get the Cap rate of a property, you must verify that it is accurate and not inflated due to inaccuracies, inflated revenues, or missing or shorted expenses.

I much prefer that than having to rely that someone actually knows how to flip a house, keep the books honestly and accurately, and not succumb to the whims of the market, or the building department, or the IRS, or who know what else.

That is much more accurate than whatever the owner or anyone else may tell you.

Personal Holding Company issues.Personal Holding CompanyGenerally, a corporation is a PHC if it meets both of the following requirements.PHC income test.