How are the mechanicals, roof, foundation, water heater, etc.?

., maybe mechanicals, maybe price, maybe anything. look into that!

Now the trash company provides a container that can be picked up and dumped using the mechanical arms and driver usually does not have to even get out of the vehicle.

Mechanical repairs IE Roofs, re-construction, electrical, Plumbing, ETC.3.

You can always get a copy of the title binder at closing and have the title company "mark it up" (initial the elimination of exceptions that will be taken care of out of the closing - ie. satisfying liens, taxes, survey exception, mechanic's liens, etc.)

This would be great as a rental or to have the mechanicals working and ensure it's a solid house and wholesale it.

The renovation is very important; a good one will reduce maintenace cost and should be considered when making a turnkey purchase.There are BP members who would pick apart my theory, but managing over 150 properties, I see this $750 maintenace budget per year is pretty accurate (assuming the houses we put new mechanical systems in the house get at least 80% of the expected lifespan)

My apartments are 30 years old.I have a maintenance guy do unit checks every 2 weeks.Basically checks water heater,heater,outside unit,light bulbs,ceiling fans,electric,plumbing,etc.We have water included in rent so stuff like replacing springs and o rings in the showers to prevent drips and replacing flappers in toilets to keep the water from running all the time.Sometimes the shutoff valve at the wall for the toilet doesn't close all the way to off or the float mechanism goes bad.You can buy a water pressure tester at Lowe's for 9 dollars.Just screw it on check for pressure.Should read 60 to 80 pounds.If it's higher than that you have to find the pressure regulator valve next to the water cutoff for the unit and adjust it.After adjusting if the pressure doesn't go down to 60 to 80 you have a bad pressure regulator that needs replacing.The importance of this is pressure is set for the cities and counties at around 160 for the fire hydrants.If pressure is high inside the apartments it can cause leaking and premature failure of plumbing parts.On the insurance we are required for replacement value and can't do market value.

The correct answer is: you can take any property "subject to" all liens and encumbrances, and those can be liens of any kind (tax, IRS, mechanics, municipal, mortgage, state revenue dept, etc).

I wouldn't be the best guy to describe all of the mechanics behind it, but a search on the board here will yield you a ton of good pieces on doing this sort of transaction.