When escrow is opened (via deposit), they will order title reports from the company you choose and uncover any existing liens on the property including delinquent taxes.

For instance, what if I identify a property for the exchange, but then, after performing due diligence, decide against purchasing the property due to a defect that is uncovered during the inspection?

Without proper financials or there is no basis for valuing the sales price, the whole reason for an inspection period is to uncover uncertainties.

To keep the conversations flowing smoothly and fresh in my mind, I practice my dialogue with sellers when I’m in the car alone, at my house, have my girlfriend role play as one etc.

Those doors and trim that look good enough to keep when you first walk through a property in bad shape will look pretty rough once everything else around them is new and/or freshly painted.  

From what I'm seeing..fresh paint, granite on the counters, pain the cabinets plus new hardware, laminate flooring anddd....done?

We got lucky uncovering some beautiful original pine floors that all we need to do is sand and refinish!  

Probably not that appetizing to think about taking on a mortgage again, but it could be a way to breath fresh life into the properties.

I think it’s terrible siding, but then again it’s hard to imagine it with fresh paint.

There is also a man I've been listening to, uncovered some myths about owning apartment complexes.