I think the point your usually trying to make when you un cover the unpleasant aspects of being a landlord is that the rental business is far tougher than most think.. and that there are going to be tough decisions that will test your own personal Morays. 

Banks always give you a hard time ;).But seriously - The bank as part of their DD will likely uncover this and ask you to fix it.

If no one else is interested, I would try to uncover any hidden things that you may not know about.

I am going to need to work harder at networking to uncover the off-market deals. 

In most cases, there will be areas of the house that aren't photographed at all, which can still be valuable because you can infer things that may uncover more risk.

However, they often uncover other issues while conducting this income screening, such as a criminal history.

A few days after settlement -- boom lawsuit... 1 of the brothers says the other forged his signature and absconded.Even the most careful research would not have uncovered this, which is why title insurance is purchased by 99.9% of our investor clients on every single deal.

Much of what you're looking for can also be required during your inspection period and if you take the appropriate steps to perform due diligence you would ideally uncover and major potential problems and at that point could cancel your contract or renegotiate. 

That's way too easy to uncover and bad bad consequences for trying.But since you're renting why not 1031 into a nice house near where you live now. 

Hello Everyone,Just wanted to write this post to uncover an option to take out a hard money loan that won't offer an extension or you decide to keep the flip and turn into a buy and hold.Not all hard money lenders offer extensions on their loans and if they do they will charge an extension fee in the form of a point on the loan amountThat's not a bad thing its just the way the business works.But if you have a flip and you want to keep it and rent it then you need to take out the hard money loan.