Most likely if you attempt to secure the property, or alter it in any way, they can cancel the contract.

This always translates well into becoming an investor as managing the numbers is always an important component. 

Translate that into $'s for me!

There is no doubt that a multi-member LLC is stronger, though, because it is that much more difficult to prove that your LLC is just an alter ego of yourself if you don't wholly own it.

Possibly using a professional third party vendor for the pre-inspection is a great idea, give a copy to the owner and tenant Excessive holes in walls Broken tiles or fixtures in the property Plumbing backups Repainting where a tenant has repainted from the original color Tears, holes, stains or burn marks in carpets Missing or damaged blinds Broken windows and window screens Broken doors and locks Broken or damaged appliances Excessively Dirty Pest control if you see Bugs and or fleasJunk or trash left behind Past Due rent Fees incurred from fines from the association due to the tenants conduct or lack thereof Water damage to hardwood floors Missing outlet covers Remotes for garage or gate if not returned Rekey of locks if tenants did not return the keys Unpaid utilities, as long as they were part of the lease agreement Undoing a tenant alteration This is a sample of things that are usually considered to be normal wear-and-tear and should not be deducted from a security deposit: Slab or plumbing leak Normal rug wear.

Yellow letter: 1-2%Postcard: .5-1%Professional Letter: Vary you'll get a higher response rate that doesn't always translate into motivation though. 

Just trying to absorb as much as possible so it can translate to sales and being legit as an investor and realtor.

But being a "insider" has not translated to "investor".

As you stated with the honesty, I dont feel the seller is being completely honest  with me however that doesnt alter my approach .  

Salamat po, Michael (Translation: Thank you, sir).