Figuring it out in escrow and knowing your outs to back out are extremely important. 

This was very common in 2008-2011 when values declined

You can get all the advice and guidance with the forms you need from a local Realtor who has worked on hundreds of Real Estate transactions that have common forms that everyone understands and pay a $250-600. 

Thanks for the info, yea it's a pretty common theme in the podcast and such world.

My last value add had some issues but I still did alright because it was in an extreme cost market (~$2k PSF).  

It would be extremely unwise to buy in st louis without personally visiting the property. 

I don’t know your particulars but schedule e and no substantial services is common with self managers and very tax efficient.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

I'm thinking Sherwin Williams Alabaster (SW 7008) and white windows, and it's fairly common and well reserved in our region.

None of my business to say what the value of the property is, but it's extremely difficult when they make or break a deal.