I’m mostly looking for potential pitfalls and ideas to make the property more appealing for future tenants and help bring up the quality (and value) of the neighborhood.

What are some of the pitfalls in dealing PMLs and how do I make sure I won't lose my property (besides defaulting) or put myself in a bad position?

Are there are pitfalls or issues I should know about before I put them on the market?

OK lay it on me everyone.

I'm looking at purchasing a few baby notes in Florida - non-performing firsts.

I've purchased many in the Nashville area and all over the state of Tennessee. I've owned rental...

I also found my way to the HUD site, though I think that the County auctions would be my preferred route.My problem is now understanding the process and the pitfalls - which is how I found Bigger Pockets (and a wealth of resources it is!

I don't see any banners on the TK companies websites pointing out these potential pit falls. and you buy a home and its your home that is screwed up and your only out is to sell to someone like you who is going to hammer on the fact that its a failed foundation and its going to cost thousand to fix ... sorry you paid 100k for it 2 years ago but I can offer you 50k today because of your foundation issue..

Know the ins and outs, pitfalls, and rewards.

It is impossible for any one attorney to know the real estate laws and closing procedures (and potential pitfalls) of all 50 states, so always use an attorney that is an expert (not just familiar, but is an expert) in real estate in the state that you are working in.

What are the pitfalls?

This is one of the pitfalls of purchasing from a builder in a newly constructed community...They don't care about maintaining property values in the community (because they usually don't live in the communities they build); they care about getting property of the books so they can refund another construction phase.