Double check every thing they tell you and if you catch them in a lie, back away from the deal.Also, 5 minutes on Realtor dot com checking the asking prices in that town will tell you a lot about the deal that is being offered to you.

The inspector didn't catch that the bathtub pipe was leaking, until a week later when my contractor turned on the water and it came pouring out of the kitchen light fixture.

I think it will catch more interest.

Also, wanted to know what the catch is when they offer no downpayment?

I read it on this forum, sorry I don't remember who posted it -Never feel sorry for your tenants, because they will never feel sorry for you.I saw this in action when I was a tenant in a multi-family house and watched my landlord give another tenant chance after chance to catch up on the rent.

The choice to use leverage or not does not constitute "gambling" "risk" or any other catch word or catch phrase people enjoy using.

I'm going on tuesday to check out a 5 bedroom rental property that is a short sale and listed at 85k. However, the description says the house is valued at 185k. How could this be? How could a house be listed at 100...

Catch me at a busy time, I'll probably stop and throw it away if it's not of real interest to me from the start.

Very True Dan, so many people including myself figured that an abandoned house would be an easy catch.

I watch TV; read BP; and catch up on my e-mail.