RentalRanked

Financial Analysis

0/7

Run numbers on RentalRanked calculator (cap rate, cash flow, DSCR)Verify actual rents (not just listing claims) — check HUD FMRGet actual property tax amount from county assessorGet insurance quotes (at least 2-3 companies)Estimate repair/rehab costsCalculate all-in cost: purchase + closing + repairsVerify the deal still cash-flows after real numbers

Property Inspection

0/9

Hire a professional home inspectorRoof: age, condition, remaining lifeFoundation: cracks, settling, water intrusionPlumbing: pipe material (copper vs poly), water heater ageElectrical: panel amperage, knob-and-tube? (old wiring)HVAC: age of furnace and AC (replace if 15+ years)Windows: single/double pane, conditionPest/termite inspectionSewer scope (especially older homes)

Market & Location

0/8

Check RentalRanked market page for cap rate and trendsDrive/walk the neighborhood at different timesCheck crime stats for the zip codeSchool ratings (affects tenant quality)Flood zone? (check FEMA maps — affects insurance)Is the area growing? (population, jobs, permits)What's the vacancy rate in this zip?Any major employers nearby? Risk if they leave?

Legal & Title

0/8

Title search: clear of liens, encumbrancesSurvey: verify property linesHOA: check rules, fees, rental restrictionsZoning: confirm rental is allowedCity inspection/rental license required?Check for pending assessments or special taxesReview seller's disclosures carefullyGet landlord insurance quote (not homeowner's policy)

Tenant Situation (if buying occupied)

0/6

Get copies of all current leasesVerify current rent amounts and lease end datesCheck security deposit amounts and who holds themGet tenant payment history (last 12 months)Meet tenants if possibleUnderstand your state's laws on inheriting tenants

Rental Property Purchase Due Diligence

Financial Analysis

Property Inspection

Market & Location

Legal & Title

Tenant Situation (if buying occupied)