I'm not going there because it too would be a complete waste of time and money, but if you are really wanting to "catch a bad guy", that might be a more fruitful route.

There are many deals with assumable loans at 3.5% so going SUBTO is a great opportunity to catch them.

Example:-------------------Tenant A - Grandma Millie's Sewing ShopBeen in business 1 year, decently profitable, signs 5 year lease.Rent = $60,000/yearTenant B - Eye Doctor office.Been in business 5 years, quite profitable, signs 5 year lease.Rent = $55,000/yearTenant C - Subway5 year leaseRent = $50,000/year-------------------If I assign the following Cap Rates, I get these building values:Tenant A / 10% cap rate60k/.1 = $600,000Tenant B / 8.5% cap rate55k/.085= $647,000Tenant C / 7% cap rate50k/.07 = $714,000(or even $45k at 6% cap rate = $750k)-------------------I just made up all of these numbers.  

It is supposd to catch money laundering, but it exempts any company with more than 20 employees and grossing more than $5 Million. 

Make sure the family is good on this transaction happening at the right price, it could get uncomfortable if your dad gives it away to you in the eyes of the family.

And one area that I’m keeping my eye on is Franklin.

LTRs may face eviction issues, their consistent income makes them less risky in the eyes of lenders.

I don't have any properties besides my primary residence yet, however I've been keeping an eye on the market.

Problem here the tenant didn’t declare cats as pets.She ruined the unit in one full year and it took more than $11,000 to replace full floors in two level townhouse plus other water leaks damage.tenant left without telling.Now I am asking property management must visit quarterly to catch damages early on.Ozone machines did not help much.thanks

But thank God for them bright eyed, passionate, new investors are not rare.