I maintain there are two KEY skills you need to begin developing to be successful as a real estate investor:Analyzing investment opportunities and recognizing what makes a deal good or notTalking to sellers to uncover their true needs and thereby solve their problemsNote that both of these skills demand ongoing practical application.

I just uncovered a local opportunity that I'd like to run by you. 

Other people have differing opinions on that, but the general idea is that those who by an extended warranty on a toaster are missing the point on how the game works.If it's a rental property, liability coverage on the property policy, and required renters insurance naming your management and ownership entities as additional insureds on the liability portion, coupled with strong lease verbiage regarding the maintenance responsibilities of the tenant (snow removal, etc), are, in my opinion, the most important, because an uncovered liability claim could be financially devastating.

I always call the seller’s agent up front, try to establish some rapport and uncover anything pertinent prior to offering.

Account Closed wow thank you for your insights, definitely agree with you about leveraging multifamily and this property is a 2 fam, looked to be in decent condition but don't know what an inspection would uncover, you're def right about checking those potential repairs, and very interesting business model you mentioned, will have to look that over again, thank you for your input!

IF you find a rental with a brand new furnace or brand new roof, etc those are big ticket items that will alter the long-term profit of your rental, knowing this can help you uncover a deal that others overlook. 

So there is about a foot of foundation uncovered (out of the ground) on the back side and not covered on the front.

Now you have covered and uncovered water damage to sort out. 

With prices like we are in the Gold Rush, individuals need to uncover the deals that aren't cookie cutter easy, in up and coming markets, and or are more work. 

There is a lot to uncover with more detail.