I would check as best you can before you even contract, but also for sure once you do contract and have the documents in hand.While there are some places for $150,000, there should be relatively few of those any more, certainly in buildings that have long term potential. 

While I haven't personally experienced any negative impacts from this fraudulent listing, I'm concerned that it could mislead potential renters and cause them financial distress.

The income approach might also be used, evaluating the potential rental income the ADU could generate.

After conducting thorough due diligence, including a professional inspection and market analysis, the property was acquired for $72,000.Renovation and TransformationThe renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.

At a minimum, having viable plans in place for development will make these lots more marketable and valuable to potential builders when we have conversations. 

Take a good look at potential purchase opportunities and run the numbers, then decide about buying, then financing.

With the potential for a small financial loss on your end, litigation would certainly not be worth the hassle and expense.

Have a baby, and gallop into the sunset (while still making calls to PM's)INTEREST:I first got interested in Real Estate Investing because of the potential financial freedom it can provide to me and my family.

An auction or an estate sale might bring in buyers interested in its potential or historical value.Market it As-Is: Listing the property on the open market as-is might attract DIY enthusiasts or investors looking for a project.

Would like to be in a city where I could get potentially $1,500 to 2k in rent.