As an example we purchased a $3.2 million non performing note for $1.875 million, and offered the borrower a discount to $2.65 million for a payoff.  

For example, a tenant can file for bankruptcy (legitimate or not) to prolong or delay the legal process.Lastly, you may want to consult with an eviction lawyer/attorney.

I keep thinking about tools that can help me reduce risk by catching errors or red flags in seller disclosures and inspection docs, but that's likely because I've had a bad experiences with both.A simple and obvious example is a seller checking "No" for pests section, such as Scorpions and Snakes in Arizona when the property is in the desert, so obviously, there will be snakes and scorpions. 

For example, I am a little concerned about some aspects of the business cycle recovery and a potential for a double-dip so I lean toward the safest part of capital stack which is debt (or low-debt equity).

There is a lot of great advice here that I will keep in mind as I look for my first house hack.Your New Bedford example is a scenario that would be great for me.

Example, you probably think winning a bidding war or getting a property 5% under "market value" is a great deal.

For example at a typical showing, buyers like to have an expert with them who can help really evaluate a property, not just a door-opener as you seem to think will work.

For example, South Cape has larger tourist destinations such as Cape Harbour, the downtown area, Yacht Club, Marina Village, etc, where there's really nothing comparable to any of those districts in the Burnt Store area.

For example I have a 4 unit in Rogers Park chicago its gone from working class with some gangs to now houses over a million being built and rents up 50% to a few years ago, same happening in Portage Park and Albany Park. 

but there is case law that allows you to break some terms of a mortgage agreement if something is unenforceable, for example the sub-to community relies on the Supreme Court cases which say it's not required to notify the lender when you transfer the deed/title.