Whenever you are buying a property out of state you should do a few things to ensure it's as smooth as possible.Don't buy in the roughest neighborhood in the urban core.

Whenever you are buying a property out of state you should do a few things to ensure it's as smooth as possible.Don't buy in the roughest neighborhood in the urban core.

Two more are (1) ensuring that your LLC formed in another state is registered to do business in the state in which you're purchasing property (if required by state law or otherwise recommended by your lawyer; and (2) ensuring that you have the requisite ties to the state in which you form the LLC (requirements vary by state).

Of course, the estimate is only as good as the data being entered. 

What are you doing to ensure that you are financially capable of taking advantage of an opportunity that shows up out of the blue?

Some real estate investment plays are for appreciation and I don’t have data or a graph to present but my educated guess is that it is in the minority as much of it is for cash flow and or value added propositions to force the appreciation.

Please keep in mind that the BA is very different than "California", so don't take general CA data and apply it to this local economy. 

He doesn't bring any handyman type of contractor experience but he will be able to find and work with the contractors and ensure the property is managed.

Check all the bigger items (furnace, water heater, roof, siding, carpets, paint) to ensure your prepared for future repairs or replacement. 

several issues: (1) obtain environmental monitoring data to see if current tanks are not leaking(2) how old are tanks. did the gas station replace older tanks?