One may value something differently than another.I read here where some investors advocate that the owner maintain the tenant's deposits to avoid fraud by the management company.

I primarily want to verify identity and criminal history.Since I can't run an application on the company, I usually charge a higher deposit of double or triple the rent or I will ask them to pay first, last, and deposit.I also try to negotiate a cleaning fee and use my professional cleaner after vacating. 

It will not be a slam-dunk to prove negligence or fraud. 

@Jay HinrichsFor sure a title claim — either covered risk 1 (title vested other than shown on schedule A) or 2 (defect due to fraud or forgery).

The extent of their fraud and how many investors have been duped puts them in a category of their own. 

Further, the Statute of Fraud may also come into play.

@Akeen Felder In addition to @Russell Brazil's point regarding net listings, there's also the issue about "fraud in the inducement", meaning that you entered into a contract to purchase a property when you had neither the intent nor the ability to do so.Further, your state licensing laws may have something to say about whether you owe a fiduciary duty to the seller.  

That limits potential fraud.

An identical unit next door sold for $75000 a couple of years ago.

Understand "why" you want real estate and write down your goalsNo TVNo radioNo social mediaNo games (except family stuff)Turn your car into a mobile university (podcasts, audio books)Get up earlyEat a simple diet (simplicity and mind-share)Keep a simple wardrobe (simplicity and mind-share)Give up social stuff for a year or twoSchedule specific time with your wife and kidsCut out spending that does not align with your goals (requires less income to cover)Tie your identity to growth (mindset)It's time to attack the day (every one of them).