Many turned out much better than expected, a few a lot worse.I have uncovered and been able to purchase maybe 5 “great” deals.

Title insurance is there to cover any discrepancies that the title company was not able to uncover and assures you that you have a clear title.

Identify a strategy, choose a market that aligns with it, and establish your Core 4.The main challenge I observed is that individuals often lack a clear end goal or strategy, or they select a market that doesn't align with it.Your real estate agent, who plays a key role in uncovering good deals is likely to have some great connections with local property managers, contractors, and lenders.

And I started a podcast REI Uncovered to discuss the same topic.

And how much liability insurance should you carry in the event one tenant does something not so nice to another tenant?

So nice to have instant gratification!

Well, the sting in any rebuke is the truth, Rick.I will say that I was missing the fact that I could uncover the loan detail in the complaint at the courthouse, not having reviewed those records before. 

It is so nice to read many of the stories shared on this post. 

@Jonathan Johnson when you are looking at a property this is something you should be able to uncover when dealing with the broker.

A drug house will have to be taken down to the studs and it will cost you 60k to get it ready for the next tenant.BTW if you had stuck to your screening process you could have uncovered their flaws, background check, credit check, social media, prior LL, and employment verification.