I wouldn't suggest making capital improvements prior to purchase, the only caveat being, minimal cost repairs.

I am curious how many units/properties you obtained prior to doing REI full time.

It just lasts a short while, nonetheless...nasty.We don't usually get inspections so we look for aluminum wiring; patched spots, fake vents etc around plumbing stacks to indicate prior termite treatments and ......what do you look for?

If so, they generally don't take offers prior to. 

I did, however, buy my first rental [and rehabbed it] here in Indianapolis while I still lived in Calgary, AB Canada with success - all due to the great property manager and team that I had assembled prior to the purchase.

The only reason I'm asking is because although the realtor is suppose to give me a 24hr notice prior to showing the condo, he is apologetic and has given me no more than a 30 minute notice.

That says if you have lived in a house for two of the five years prior to sale then you can exempt $250K for a single tax payer or $500 for a married couple from capital gains taxes.But even if you don't live there a year you may have little, if any, taxable gain. 

It would be worth the investment to have a mold remediation company & title search preformed prior to Making an offer..

In Cali we can use escrow instructions in place of our standard Residential Purchase Contract.

Find Board members prior to purchasing and learn more about what's going in.