There have been numerous books written by people claiming to have the “magic” formula to sniff out future values.  

You will need them to establish damage claims against the tenant's security deposit when they move out to avoid the "It was always like that...." claim.These items are what quickly come to mind.

FNRP don’t pay quarterly distributions as they claim.  

The challenge is they have a renter that they claim has been in there two years without a lease. 

I refuse to allow the ones that smoke even if they claim they will only smoke outside.

Ended in 1 year without payment, eviction, property damage, insurance claim to cover the renovations and sold.

You can file a claim in small claims court.

He claimed he never sold the house and never signed the deed.

I have already filed a formal complaint with the Contractors State License Board (CSLB) regarding this matter.Given the circumstances, I am seeking your advice on whether pursuing action in small claims court would be a recommended course of action. 

The promissory notes may appear all the more attractive because the seller falsely claims that they're "guaranteed" or insured.