It is your job to point of all of the property deficiencies but I think it's just as important to be able to speak to them in a calm and analytical method when working with an investor.

In AZ and maybe some other states the bank could come after them for a deficiency judgement for the difference.

There's some serious knowledge deficiency.

That means the city could foreclose, get $3 million from the sale of the property, and then go after YOU PERSONALLY for the deficiency of $3 million.

If you do that you have to disclose any deficiencies you find, even if you don't plan to fix them.Do you plan to fix anything they find? 

I would add that you should avoid any properties with major uncorrectable deficiencies which will reduce your buyers pool thereby reducing profits.

If I showed up and a property to conduct an appraisal and the buyer was there cleaning I would make sure to look extra, extra closely at all of the possible deficiencies, because that reeks like the buyer is trying to pull one over…

A second option is to take that deficiency, if it's small, and amortize that over the next year's NNN payments.

If you are self managing, it is imperative that you are doing a thorough risk management assessment periodically on your property, and making repairs to anything that is deficient.  

First post, I've been doing a lot of reading and listening to podcasts, and am very eager to get started.I do have a few, of what I consider, to be deficiencies/road blocks to getting started:Don't have much cash(right now)Credit isn't goodNo experience(obviously)50 years old!!