Use an inspector to perform a building inspection that checks all of the components of the home including the electric, plumbing, foundation, windows, roof, hvac, water heater and other appliances.6.

You don't need to know everything to get started; you need a foundation to build on and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

Ah....yes, whole life insurance as the foundation for my real estate empire.  

It’s essential to build a solid foundation of knowledge and confidence in real estate investing.Learn MoreTo see some of the deals we’ve done and the successes our partners have achieved, please visit my BiggerPockets profile.

When reading a book from a bigger pocket, they recommend avoiding structural / foundation issues.

@Austin JamesUnderstand the area, the current tenant base,the median income, is it in a flood zone, the age of the asset, the condition of the plumbing, the electrical wiring, the fuseboxes, the age of the roofs, the age of the mechanicals, the condition of the foundation, the drainage of the property, does the property have a C of O, is there ny environmental concerns such as oil tanks being buried, the current property management company, what are the amenities.These are just a few things to look out for.

Will the bank loan on them if i own the land and building on permanent foundations?

I've done a bunch of research on this company, and found at least one case where they DID NOT scrub data they sold against the Fed DNC list (Do not call list). 

If you are in an area where foundations shift (like Austin, TX), the tile will crack.

I mean, no one told me to go find the owner of the cat skeleton I found at the first place I ever bought at a tax auction.