Now if you found something just extraordinarily out of order like all the plumbing in the house was actually faulty, or there was foundation damage, or something else that the average person would not be able to identify, then that's a perfectly good reason to utilize that clause or better yet, to try to renegotiate a price with the new information in hand.

Find an opportunity and run with it... to say the stock market hasn’t gone up or that the RE market hasn’t gone down is ridiculous... act like an investor and identify opportunities and, when It happens, take your losses and run with them... no one who invested (intelligently) over the last 10-15 years is losing money on any asset class... if you want to be on the Forbes 20 list CREATE something... but I can guarantee you Bezos, Gates, Zuckerberg, etc.

You'd be surprised by what they may identify that's perhaps not evident.Catch up on deferred maintenance.

In other words, you can first identify a property to buy and then start selling yours.

I have chosen to manage and do the financials myself at this point, because I believe that you should know and experience the ins and outs of whatever you choose to invest in, in order to be able to identify when something isn’t right or going wrong.

For off-market deals, you really need to be here or have someone here that can be "boots on the ground" and literally be able to drive areas and identify assets that might be potential deals.

The auxillary fields with less weighted value, in order: lease start date, deposit amount (up to 2x rent).The overall score is tallied to identify approval, conditional approval with increased deposit/cosigner, or denial.

However, it can be very helpful in evaluating properties once you have identified them as targets.For example... very helpful to know when a property is owned free and clear, or, alternatively, when a property has liens that exceed its value.

My identification date is Nov 9th, but nothing has been formally identified yet.  

@Thomas DiMeo - Thanks Thomas , its in Livingston - NJ , I am looking in LIV(only flipping) as well as outside in few zip codes which I have identified.