The details are often available on local county records or auction listings.

to me I view an inspection contingency as you do it and if something is wrong you present it to the seller and say "hey fix this, reduce the price OR if it was major and really bad just walk away".If no inspection was done, then its unethical but reality is its not worth a seller to sue over it.

Quote from @Kobe Carr: Looking to get started with real-estate and would Dallas Texas be a good start for a beginner  I have a sfh in Fort Worth, beware your property taxes.

Assuming you paid $430k, put down 10% ($43k) so have a loan balance around $387k and $100k in equity means it’s worth $487k.

I recorded a podcast last week with Dave Meyers and Henry Washington of Bigger Pockets.

Like others have said, 40k rehab budget on a property worth 55k would be considered heavy rehab.

Your remaining balances weren’t entirely clear on the two mortgages, they are really low rates, so instinct is not to refinance them, but sometimes it is worth it for the longer term vision.It also seems like you may be considering tapping your equity to replace your income, without knowing your age or long term goals, this doesn’t seem like a great idea on the surface.If you are interested in jumping into real estate full time to replace your income you should realize that is probably going to take 12-24 months.

Land Acquisition and Initial Costs - How do you determine if a land parcel is worth its asking price?

It’s essential to consider factors like payment plans, projected infrastructure developments, and the track record of the developer to make informed decisions.The most successful investors are those who carefully analyse the potential of each project rather than being swept away by the allure of glossy marketing.

That is worth something, what is happening besides killing fleas?