Before closing on any investment property, it’s critical to verify the condition, financials, and legal status of the deal. This checklist outlines the essential items Fairmeadow Capital reviews during due diligence.

1. Physical Inspection

• Roof, gutters, soffits, chimney condition
• Foundation and structural issues
• Plumbing, electrical, HVAC systems
• Interior: flooring, kitchens, bathrooms, windows
• Appliances (included?) and general unit condition

2. Financial Review

• Rent roll and lease agreements
• Utility payment history and responsibilities
• Property tax record and insurance quotes
• Recent repair and maintenance invoices

3. Legal & Title

• Title report: liens, encumbrances, easements
• Verify property zoning and legal use
• Lead-safe certification (Cleveland-specific)
• Confirm certificate of occupancy (if required)

4. Market & Location Factors

• Crime map / tenant quality risk
• Proximity to schools, transit, employment
• Neighborhood comps and recent sales

You can download our PDF checklist orgrab the editable Excel version to use during your next walkthrough or inspection period.

At Fairmeadow Capital, we take due diligence seriously. We’d rather walk away from a deal than inherit a costly surprise.