This issue is likely not covered under title insurance, in my experience they have an exceptions clause that doesn't cover unperfected prescriptive easements -- those are your duty to uncover by due diligence, including observation. 

I chose GR b/c I'm already familiar with that market and I still manage my properties so nice to have them in the same place.

I've been studying all the documents and just keep uncovering one problem after another.

For what its worth most deals I deem meeting minimal IRR standards is 13-15% but you have to dig a little deeper to uncover the real placements of cashflows and capitalization events... and then dig even deeper to verify the assumptions such as occupancy, rent increases per year, and what reversion cap rate was used.Again I don't look for IRR cause its manipulated a lot instead I look at total return on a 5 year basis.

And hearing that was so nice that you ignored he showed up in a rust bucket criss-crossed with bungees and ducktape.

With assistance animals (including ESAs), petscreening.com does all the vetting.No, this is not a sponsored post, but we use this service and it's so nice to have this fact checking and compliance issue off our plates and in the hands of experts.

Due diligence of property to uncover latent issues.

Hi @Daniel Anshus , so nice to see a familiar face here.

Other times liens, mortgages, and other title issues undisclosed or unknown to the applicant are uncovered in the preliminary title report.

(My gut tells me this company is so nice and professional that there is nothing to worry about, but I am a newb, not an idiot, so these steps will be taken.)I have attempted to begin educating myself by reading books on private lending, etc, but I would be interested in connecting with someone, again, likely an attorney, who can help me avoid problems and walk me through the process for the first time.