And what if the one person you didn't check has a criminal background, has collections, and more?

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Quote from @Joshua Alcantara: Quote from @Peter Walther: I've found many properties with title issues wind up with unpaid property taxes so checking on delinquent taxes, tax deed sales and lands available for taxes might help you identify some.Thanks, Peter, for the info!

Check out the rookie podcast forum, you will gain a lot from it. 

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

If the insurance isn't done properly, it's on the edge of impossible to cash the check because it's made out to the lender, my company, and the seller(s). 

Have a way to double checking their information they give you on the application.  

Have you checked the BizBuySell website?

It is important to have a document which spells out the type of wood to burn which is signed so that there can be no misunderstandings.  

Double check your lease, all the legalities and still check with the landlord....