It might give you and indication. 

Once they open my letter, I'll prove to them first hand how opening my letter is indication that it will help their business!

While I understand rehabbing is not without its hidden risks, I hopping to learn ways to identify the signs that indicate more repairs.

While I understand rehabbing is not without its hidden risks, I hopping to learn ways to identify the signs that indicate more repairs.

When looking at the electric meter, does CL200 and 240V indicate that the service coming into the meter is 200 amps and 240 volts? 

If this is your first private lender and they indicate they are willing to fund you it may be foolish to turn them down over a couple points.

Hire a expensive arborist to inspect and repair what damage they can and send a copy of the bill to the tenant with a note indicating the amount to be deducted from their deposit. 

Some things you didn't indicate that I think you should be considering:*How much more $ do you have to invest in repairs to get that extra $20K in value (the $75K figure) and extra $250/mo in rent?  

Hi @Lem Diaz,Here's the basic way you qualify an investment property for a purchase mortgage when you do NOT intend to live in the property (ie, 'pure' investment):[ Rent * 75% ] - PITI.Rent used must be the lesser of appraised market rents, or current rent indicated on the current lease(s). 

For RI you could read the RI Landlord Tenant Handbook, and again I'm not familiar with CT myself but it is worth researching.And depending on your needs/sophistication it may also be worth researching some more esoteric things such as the remedies available to creditors, lead paint and other hazard laws, licensing requirements for agents and property managers, registration requirements for out-of-state owners, etc.It's also worth researching not just the property tax burden today, but the fiscal health of any municipalities you're thinking of buying property in - because that can be an indication of future tax hikes coming down the road.