Simply checking with the local landlords (and seeing this done in my own market) quickly uncovers this.

Now, some states have different rules for whether HOA liens survive a foreclosure, and you will have to uncover what those rules are for the state where the purchase lies.

Those little things add up fast,,,and hidden must do's are uncovered every day.

And who knows what else you may uncover doing a new roof.

That may or may not be a new build, likely not.The beauty of buying the existing older home is that your inspection will uncover needed repair items and life expectancies of your capital items.

I'm not Rob, but I'll show you his answers that are already posted.http://www.biggerpockets.com/forums/52/topics/90852-tenant-screening-uncovered-duis-jail-time-etc?

I will only do that if I uncover major repairs that I did not find originally or we're not disclosed.

Learn my tax secrets to increase your cash flow by uncovering the hidden cash flow in your real estate.

Folks, please be very cautious of taking advice from a poster on BP with such a huge negative influence level and from somebody who has such a limited amount of contributing activity to the site over a long period of time.Add to that the due diligence that has uncovered the original posters inability to make wise investment decisions, you should be very cautious as to what advice you take from such a person.

One covered and one uncovered.