It is risky since it is unknown how the enforcement will be. 

Although I know I could cash flow more, there are so many unknowns I would rather be prepared. 

As a result, complications with closings became prevalent, as buyers and closing attorneys experienced shock over unknown debt they were expected to assume.SB 206 mandates that a water supplier provide a notice of outstanding debt within ten days to any real estate agent, closing attorney, owner, tenant, or lender that issues a request for such information.

Many, many, many unknowns.

There's a lot of unknown with the short-term rental market though and I would need to rent it out at least 15 days a month, so 50% occupancy to break even.  

His guidance helped me to get over the fear of the unknown.

When you hear landlords talk about cost of turn over it is almost always hypothetical and driven by the fear of the unknown. 

One unknown lien could really mess up the numbers

Also, if you write the original owner financed mortgage as assumable (you get released) then you could fix/flip or sell with the assumable owner financing first and a good down payment to get your cash back, or take a second for cash flow (I wouldn't, CLTV is too high)... but those are still tight given the unknowns in the deal.I'd do a bit more due diligence, and then run my numbers again.Good Luck!

If you can't verify numbers an investor has to assume the worst with a property and see at what price it still works for them.Some sellers might give a slight discount on price due to their not keeping records but there is a much higher risk premium to unknowns on a property.I tell sellers if you want my buyer to pay close to market on the commercial side you must have immaculate records to verify.