I am considering purchasing a micro saas in the website performance space. If it goes well, this would be my first acquisition and first indie project. I was wondering what kind of due diligence I need to do as the project only has 5 non paying users? Are there any resources that anyone can point me to that would explain the due diligence process step by step?
The codebase of the project is in Python which I only understand at a beginner level so I am not too sure if that's something I should be concerned about as I am familiar with other languages. Additionally, there are other successful competitors(some totally free) so I'm not sure whether I should consider that to be a validated market or whether I should be worried about competition?