I.e. if they told you the roof was brand new, and upon physical inspection, you discover that the roof on a shed is brand new, but the main building needs a full replacement to the tune of $50k, that is not retracing a deal.  

What newbies don't understand is that the $500k appreciates 5% NOT the $100k down payment. 5% of $500k = $25k annually on your $100k invested dollars.We haven't even talked about the tax benefits, debt pay down, monthly cash flow, and it being a physical asset that will always be in demand. 

This means that not only does the animal need to typically be restrained (usually with a leash), but it also means the animal must physically be present at all (or virtually all) times. 

If it's a golden piece of real estate like you said it is and you guys are all motivated, mentally and physically capable, I would keep this golden goose egg all to yourself. 

Are there any ways to find out the mortgage balances on a property, other than physically going to the courthouse?

Subject to is a similar half-truth: “If the bank exercises their right to enforce the due on sale clause, just deed the property back to the seller and use an executory contract: contract for deed, lease option, land contract instead.”

I have physical proof that states otherwise Travis. 

@Justin Goodin No body cares enough to come inspect physical copies of your partnership agreements and you know that.

I’m not saying it can’t work because folks like Brandon Turner swear by partnerships, I’m just saying exercise extra caution.

Since the Appraiser will physically measure the house it's doubtful they are wrong...but it's possible.But the bottom line is - do you love the house?