Then you have a state representative coming in and checking on the condition of the property routinely so it’s much easier to stay up on repairs.

This would  already be in violation of the conditional purchase agreement, as it wasn’t disclosed upfront.

Inspect each unit and document existing conditions. 3.

These are individuals who are already conditioned to take on greater risk with the hope of a higher reward outcomes and will be attracted to the potential of syndicating real estate deals.Despite the greater risks associated with their current professions, I am sure most if not all are involved in businesses with  greater than a 2-3% success rate.

Save the money, clean it till it shines, maybe basic improvements like a few new light fixtures or at least matching/bright lightbulbs, maybe a few new faucets, some paint touch ups and sell.If you’re hiring a Realtor®, they can tell you pricing in current condition versus pricing with a few minor changes.

Because his credit was good and the property was in a desirable area, not value wise, but living condition wise, he got 90%/100% financing on project 1 which is pretty good. 

Often times you'll find these properties to be a little bit outdated, but are in great condition and extremely well kept. 6.

In my state (PA) a tree falling and causing damage to someone else's property only creates liability for the owner of the tree if the tree was known to be in poor condition or if the owner should have known it was in poor condition.

As for foundation or other concerns about the condition of the property, there's no real way to know for sure since you don't have access to inspect the house before the auction (hence the risk).

When we do ours we check smoke detectors, fire extinguishers, sump pump operation and overall condition but have not focused on cleanliness.