They should know, and if they hem-haw around you can stop and investigate any issue.

Thanks, ShawnTheir term sheet had said "as low as 13.99," but then they add the "1% activation fee," and application fee...But had to investigate them.

For 100 units, I suspect people have investigated selling and didn't like the possible outcome and didn't bother trying.Are there any other similar projects nearby?

What does your research tell you about the stability of jobs/the economy in the area you're investigating?

I will say that everything went rather smoothly with the insurance, it was just a long process while they were investigating it.

It gave this as a reason, "The housing market’s rebound has been restrained by the so-called shadow inventory of homes with mortgages at least 90 days delinquent, in foreclosure or already owned by banks, while foreclosures had been stalled since late 2010, when state attorneys general and federal regulators began investigating abuses by banks, including lost or doctored paperwork.

No, he sends the FBI to investigate it as a "crime".

I would add to this by regularly contacting suppliers, investigating new deals, meeting with real estate agents, etc

He didn't bother looking at any of my documents (purchase & sale agreement, mortgage, leases with my current tenants, etc.) that would have demonstrated a legitimate need to run credit checks, which surprised me.It was a rather silly exercise - though I have a locking file cabinet (which the investigator photographed), that's not where I store my rental property info.

Other than the obvious, when dealing with a condo, the HOA is extremely important to investigate.