we are getting ready to buy our 1st property (duplex), we are going to check a duplex in a few days,this one has both sides occupied, they're on a month to month lease, now my first question is while checking the place what are the most important things we should look for?

I project 25-30k in quick renovations to make house and both apartments rent ready.

I'm looking for a property with an existing auto mechanic or body shop on it ready to go, through foreclosure or Mls.

I basically gave myself another 45 days to get the places rehabbed, rented out, and ready for refinance.

However, if the time comes, I want to be ready with the documents.

I would think the two main things to worry about would be building inspector and the inspections when you get ready to sell. 

If you are going to have debts attached to the property, you will want to make sure to watch out for any due on transfer clauses, or be ready to personally guarantee any loans taken out in the name of the entity.

* What is your average make ready cost for the owner?

Hopefully when i get back to the states I can start the process of networking, as we'll be ready to pull the trigger as you say!

Getting ready to buy another one.