Its the due diligence you need to do to uncover them.

Prior to joining BP I did my purchases based on comps, looking at the neighborhood, and looking at (without all the deep analysis) what I could get for rent that would cover the expenses and mortgage, etc but again without the deep analysis.Today, I've included the analysis as my 1st start so that I can better see the $$$ as it relates to the rent, everything that I have to pay (mort, taxes, ins, pm, accounting for future things like cap ex, minor repairs, turnover, etc), and returns.What I've found between these two methods is that the analysis has surely uncovered a view into every $$$ related to the property.

This can be done in a variety of ways from "cash-for-keys" where you just give them enough money to move out and get re-established elsewhere (maybe even help them find a place & help them move) all the way to a full eviction suit in court.2) A title search should uncover all liens and encumbrances on the property.

#2 is much harder to do, but you can make a lot of money when you uncover a motivated seller.

Due diligence just means to make sure you ask alot of questions to uncover potential pitfalls in the investment.

.######### is engaging counsel to look into this for us, and title issues that may be uncovered to protect our investment. 

He uncovered a massive leak behind the shower, that was dripping into the ceiling below.The nominal fee he charged was more than made up by the $3000 in credits to replace the shower.

@Sharad M. there is always a deal...I just need to uncover it.

You really have to look at the entire year and all payments in and out of the account to uncover the real story.Once the account is caught up and goes through the escrow analysis again, the catch up amount will be removed and your payment will drop.

Someone who can help me uncover the different laws surrounding STRs in the different counties and provide guidance.