Around here a base hit SFR sells for 80K and rents for 1100-1200/month.In this case, I would be the buyer's agent, do the searching and initial look-over of the property, run the deal (likely on my own finances through a commercial lender), and place/manage the tenants after closing.

No, you need education, smart, targeted, and up-to-date for the 21st century.You'll learn step-by-step seduction techniques like the Subject To kiss close, the unrefusable checkbook flash, how to buy her a house for ca$h, templates for writing red-hot yellow letters, and compelling scripts to follow on the phone when speaking to motivated prospects.

Your goals may change as you get going, but taking the first step is the hardest.

Well, technically you changed the document, which would require the seller's initials also. 

The BP deal analysis calculator is not a bad place to start, once you have good guesses for the initial rehab.

Unlike auto, surplus, or junk auctions a real estate auctioneer will usually let you stop the show and take a time out to step outside and "make a phone call" or whatever.

I would like to know What others think are the most important items to be checking when doing the initial walkthrough?

I understand that New York is a "lawyer closing state" and that the lawyers are intimately involved in every step of the process and that they generate an abstract of title before the closing, which apparently goes back to the time of the French-Indian Wars.The lawyer we retained to handle the sale will charge $750 for the abstract search and claims it will take 6 weeks to complete.

A good step forward is to put together a investing or business plan (general) to help map out what the investing will look like.

A Current Rent RollHistorical ExpensesWould like to estimate how much remaining useable life on major stuff like Roof, Boiler.So those are the initial questions I asked.