Alexis, before I started my real estate company I joined the WI apartment association and got my certification in tenant-landlord laws.

Older vintage product which would be C and D buildings being by the beach most likely in an A to B location were built on more expansive lots as land was more readily available.In most area land is now at a premium so things are much more compact and tighter.If you have a bunch of land next to the beach you might have a re-development play in the future.7.5% CAP rate on that vintage of a building is pretty weak.Most with that vintage want a 9 to 10% return.To drop almost 133,000 into a property for an annual 5,000 return if everything goes perfect is crazy in my mind.With that much money you should be able to leverage yourself into a much larger project.Given the age of those buildings when you re-model you will have to conform to the new EPA lead certification rules and procedures which run the costs up.What about deferred CAPEX??

I believe with this certificate YOU do not re-inspect for lead between tenants, but Section 8 will come out yearly to make sure the property and all its systems are in a habitable condition.Jeff

So here’s a thought: why not create a BiggerPockets certification program?  

Unless you need someone to sign off on your level of knowledge (read: state license, certificate or degree) then you're probably just fine researching yourself.

I didn't want to create another LLC (pain in the neck, time, expense, having to file another federal income tax return), so I filed a Certificate of Assumed Name with NY state.  

You must procure a flood elevation certificate, approx $600, from a reg land surveyor or engineer before I can quote.

Yes Amy, there is a certificate of occupation of course. 

During the due diligence process I found out that the 5th unit didn't have a certificate of occupancy, so legally I couldn't rent that apartment. 

As a home inspector if I suspect a roof issue I recommend my client get a roof certification not a roof inspection.