And as my favorite data provider says, "You just cant get data this fresh unless you are sitting at the courthouse yourself."

I know that we need to look at obvious needs for repair, get both income and expense statements, copies of leases, etc. and that we should have a professional inspector to uncover any potential surprises, but before even all that, is there anything in particular that you are looking for that you consider immediate red flags when you assess your investment options?

Hopefully you can uncover the truth.

Could attend a meeting or two and search out fresh investors who may not have a team put together yet.

I'm pretty sure most people would want the option to be able to open their windows for some fresh air. 

What would be interesting is if through these regulatory reviews, a number of Sub2s are uncovered. 

I have a terrific portfolio of fresh hand picked properties for the right investors who are looking for hot saleable properties.

It is funny in TK sfr's everyone buys on pro forma.. but try to sell a multi family to a sophisticated investor they would never take these pro forma's for anywhere close to actuals.. they would want to see history.. and there is no history on a freshly rehabbed TK so know one really knows how they will do... other than blue sky..

Sorry to hear about the issues you uncovered however I am on the side of its your mess to deal with now.

A simple google earth drive down the street will uncover that.I have 17 rental myself and if the homes have gutters, I will keep them if they are in good shape, but I have removed quite a few over the years as the house naturally drains fine and the amount of trees on the lot constantly fill up the gutters.