It drives me crazy when I hear these stories preventive maintenance is what should be practiced and discussing all avenues of the deal and the borrowers docs in advance.   

Recently, I received pictures of a water leak in the kitchen ceiling, which appeared to be coming from the bathroom on the second floor.

Also any recommendations on any learning docs available to understand SDIRA betterThanks Is there a reason they have to be local?

But after an exchange - sign the purchase documents with one pen and pick up another pen to sign the refi docs :)Another strategy you could consider is reinvesting into multiple properties, where you purchase the first property cash (ensures some security and concentrates the equity) and the second property with a mortgage.

See zoning doc here. 

Title company will need formation docs, and operating agreement to prepare deed and title docs and lender will need formation docs and operating agreement for lien search and loan docs.

We are also working on export to Word doc functionality for the SOW which will allow you to export the SOW to Word so you can make additional customizations.I'm a bit of a perfectionist and still want to improve the functionality of some of our tools before we start charging for the software, but I think we will likely be ready to officially launch sometime in April. 

Very rarely are there postings in Notice of Judgement of Foreclosure docs and Certificate of Forfeiture of Real Property.

These include accidents (I recently had 2 units destroyed by fire), natural disasters (I have had two units each hit by 2 hurricanes), property management turn over (they sell or stop being as good, I have experienced both), or turn over of team (I am turning over at handyman and I suspect plumber), or just wear n tear of property (slab leak in poor location, sewer pipes rotted out (one unit this month), roof, foundation issue, etc.).  

My figures are below.TaxDeed Winning Bid: $489.00 (My Bid May 2013)Property Clean-up: $450.00 (mowing, trash removal)Taxes & Insurance: $80.00 (2013 & 2014)Sale Advertising: $130.00 (Signage, Newspaper Ads, etc)Filings & Legal Fees: $245.00 (Deed, Lien Releases, Sales Agreement Docs)Total Costs: $1395 (approx)Sold for: $3250.00 (August 2014)That is better than the 25% I would have received if the property was redeemed during the redemption period.