That will allow good analysis of sale price appreciation and rental history. 

There are a couple of car washes in my local area that are for sale that I am interested in but do not know where to start. 

You could force the seller to bring it up to code before the sale is complete as one of the contingencies of buying it, let them deal with it.

I understand why some people may not like this... but for me, I don't want the hype and platform sales. i want real usable content.

You start with a purchase and sale agreement and reduce everything to writing.

It will depend on where you are doing your deals and what the liability is that follows you after a sale.

Hello Wade, We have a couple of list providers we use for searching public records for sales with seller financing.

You could also do a cost seg on the $500K sale which depending on what the dirt is worth you can take a large deduction year one of renting it. 

Squatters are a real problem nationally and a study found that they target not only vacant properties but those advertised for rent or sale that offer 'immediate occupancy.' 

The worst is when a friend does a DIY sale then calls me after closing asking if they should sue the other party (usually for failure to disclose a known issue/ misrepresentation of the property/ they feel like they overpaid/ buyer's remorse).