Originally posted by @Sam B.

I personally like to buy real estate that has A) excellent long-term prospects ie. area growth, commercial vibrancy, high housing demand, rising rental rates and B) positive or at least neutral cash flow.

@Munjal Adhvaryu Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

*This is the new aspect for me, so if you guys have any extra tips like "try calling the utilities rather than doing a search", or "always double check with the zoning & permitting boards if you plan on doing STR for air b&b licenses", or even seeing if there are any extraneous departments that can cause headaches later like city inspector or the fire marshal, or some other thing that would be good to know about.Thanks so much in advance everyone --Side note, it is so refreshing to come to a site where people *want* to learn about title.

(For properties of this age, months requiring some kind of repair seemed as common as months where nothing needed to be done).b.

If your doing 506(b) you cannot.

---So, get a GREAT property inspector NOT recommended by the turnkey company to avoid bias.2) Misrepresenting Property Class - have seen many turnkey providers in Metro Detroit area sell OOS investors Class C properties as Class B.

While I’ve had a few frustrating issues with B of A, the convenience of their online platform, and their available services, have led me to stay.That being said, I’m willing to bet that the contractor has deposited quite a few checks that were returned for insufficient funds; stop payment; etc.  

Quote from @Corazon B.: Quote from @Travis Main: @Corazon B.Considering that the average realtor typically completes only 3-4 deals per year, it's unlikely that many are poised to seize those opportunities.

You can (a) read your contract with the lender, or (b) call the lender and ask them directly.