It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

Wholesalers are functioning without a license [many states ban it] and operate with no disclosures, safegaurds or what not - for the buyer, seller or even themselves.

All these people saying ignore it and what not.

However, as a fairly new investor (who still has a v. high learning curve) I still think it's important to get a legal opinion before walking, if only just to learn what not to do next time...

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

Although I wouldn't wish this nonsense from Clayton on anyone, it's a great lesson for what not to do as a business owner. 

You know what you know, and most knowledge gained through experience teaches you "what not to do"...and a limited list of "what to do". 

Here you can ask any question you might have on code/inspection, pricing, what to do's, what not to do's, how to, etc.

If you are game then we can meet over coffee or beer and talk more about our investing journeys and can share what worked and what not! 

All I am trying to say is that in the world there are no guaranties, so use this unfortunate experience to gain knowledge and empower yourselves so that you learn what not to do next time.