I don't know if or how laws in MN differ from in TX, but here it's assumed that MF investors are sophisticated, and should rely on their own due diligence for uncovering defects.  

Go ahead and send a letter but be a little vague about any details you may have uncovered over time.

In my experience, you'd have about a year to uncover issues that could be traced back to the hurricane. 

My most clueless applicant insisted on applying even though they had an eviction and knew I didn't take evictions, her income didn't qualify, and she said she had a clean record...except for that whole shoplifting thing I uncovered that had past due fines on it.

Not sure how to evaluate the market, uncover potential pitfalls and how to evaluate this specific property.The parcel is one acre and has a pair of large warehouses with electrical, but no heat (built in 2012).

What you could do with some or all of that extra savings from those tenants is pay down your car loan faster, so you aren't just picking one way or the other.All of this does rely on many factors that you will just have to uncover with a lender and go from there because your specific situation may alter how to approach things.Bottom line: Paying off bad debt(your car) is a good thing, but if you can utilize the funds you would have used to pay off the car to wealth build and accelerate the pay off of your bad debt with that accumulated savings...that is POWER and could position you for a fruitful beginning in REI.Best wishes to you!

Someone who I think has a good reputation and emails properties he uncovers is Andrew Werner (known as WingmanWerner on Instagram).A better bet for you, Austin, might be to connect with fellow investors at AZREIA.

While marketing this deal we've uncovered a pretty decent amount of demand for rent-to-own; however, as we just have the deal under contract and do not currently own the property we're wondering what our options are?

Maybe uncover some important factors I may be missing.

The duped tenant inevitably reaches out to me (once they get off FB and look on Zillow and see me as the PM) and then we uncover the con they've fallen prey to.The last person unpacked what happened with me in enough detail that I now see that the scammers seem to have been able to GRANT ACCESS to the home using the Rently lockbox system.