I guess like going to the auto mechanic i should have got a second opinion.

If I buy at low rent to price ratios it is usually in good areas with good mechanicals that I expect will allow me to be under the 50% rule for the duration of my 15 year financing.

The question I ask people that want to carry is simple, besides knowing how to shoot a gun, are you totally willing and able to pull the trigger.Many people learn the mechanics of how to shoot, but aren't totally sure they could/would if put in that situation.If you are going to carry, many people like 9mm, however I don't really like the lack of knock down power (as a friend who was a chief of police for 20 years said, it will kill someone,  but it doesn't tell you body your dying very fast).A 40 caliber, I have a chiefs special, is a fairly small gun that has some knock down power, it is also VERY loud ,,,,I don't care if I hit them or they run away, as long as they leave!

Also, the transaction history in PropertyRadar only includes voluntary liens and transfers - it does not include involuntary liens (mechanics liens, tax liens, judgements), so you will still need to research those regardless.As @David Mitchell said, the best answer is to educate yourself on the title search process, and then you can easily verify the loan positions in PropertyRadar and check for involuntary liens using your local county recorder (often online).Note that even if you pay the title company $150-250 for a title search, those searches do not come with a guarantees and the title companies themselves do make mistakes - thus the reason for title insurance.

I doubt repairs are only 2,880 per door with 104 doors.Carpet and paint alone depending on unit sq ft size would eat up 2k a door.I haven't even gotten to  mechanicals or the exterior parking lot, roof, windows, water and sewer laterals, and  a host of other issues depending on when the property was built.You can have big rewards but huge losses if you do not have the experience.  

Whether it be a mortgage, tax lien, mechanics lien, etc.

But you need to show that you had the intention with some documentation, like a signed lease for the property, newspaper ads, craigslist ads, photos of for rent signs on the property, etc.And unless you do another 1031, by selling the 1 property you'll owe taxes not only on the 1 property sold but also a portion of the gain from the first property relinquished in the 1031.An alternative would be to suggest to the buyer a rent with option to buy or some other mechanism to both show rental income as well as deffer the sale until year(s) down the road.

@Joel Owens Thanks for a different perspective.The extent of my jobs vary depending on the exit strategy and the condition of what I walk into.Holds are usually interior updates with basic finishes throughout - paint, floors, fixtures and new mechanicals if needed, otherwise I just have the mechanicals inspected and tuned up.

.,.Seems to me that now that TK's been spotlighted in WSJ, the forward thinking mechanism we know and love responsible for all of the great new ideas, we have to believe that the smart money is out and the pickle is well-seasoned and ready to pop...Time to reload - deals are coming.

This monthly reserve deposit will depend on the level of deferred maintenance and age of mechanicals and hardware within the property.