I only look at properties the numbers work on (I’m primarily a buy and hold investor) and by the time we schedule the preliminary walk through he’s usually already found out a ton about the property if he wasn’t already familiar.

A shocking 0.001%.

It is shocking how many get redeemed in the last 48 hours before the close of the auction.If the properties listed were beyond their redemption period such that I Knew they were really going to be sold, I would start looking at these again.  

You’d be shocked by how little actual screening many PMC’s do!

I dont know the area, or the county for that matter, whatsoever.I did some preliminary due diligence on Clinton, including 5-year population trends, demographics, rental rates published, and some other region-specific data. 

So am I every shocked by reality disconnect, no, that's the new norm. 

I ask because I've interviewed a number of general contractors over the years for my various real estate projects and am shocked at how the vast majority showed up to the job site to give an estimate in a vehicle that did not display their contractor license number or business name.Aside from this one issue, they'd often have great portfolios, long list of successful permits I could verify they pulled, great references, no complaints on their license, and had been licensed for over a decade.

Moreover, if you sell or the tenants want to move and their rents are well below market - they might be in for a shock/lifestyle adjustment/unable to afford current market rents.

@Heidi Fahringer wasted time doing several calls and then a meeting with a CPA and then got shocked with their proposed fee.After even more wasted time trying to find out from them why the fee was 10x what I had been paying - a lightbulb in my head finally lit up and I asked the revealing question and found they had a minimum charge.Obviously, we were not a fit.

I'm pretty sure it had to record to an SD card but this was 8-10 years ago, and I'd be shocked if they didn't have cloud recording models today.