Disclosing to Seller adverse material facts actually known by Broker; 5.1.4.

Occasionally, an option to purchase is secured by a DOT or mortgage.A land contract mean that someone else is record title owner and has agreed to sell or transfer property to a buyer (actuall called vendor and buyer is called vendee) with anticipation of satisfying and completing the terms of the agreement and receiving fee title.Better to get a title report now to properly assess the status, pull and review any recorded documents affecting ownership adversely and consult with a qualified attorney if the offending document interfere with you full array of benefits yo ownership.

I am more than willing to use credit cards or something in the interim until we get it rented and costs covered or we can take out a distribution in January but my husband is more risk-adverse than I am and won't take the CC route.

If you are risk adverse real estate, (especially out of state) is not for you.

If you are risk adverse real estate, (especially out of state) is not for you.

I do plan on inspecting it more thoroughly before I close on it and if it's clear there is a current occupant I'll back out.Considering the small risk that there is an occupant I don't discover and this occupant makes some sort of adverse possession claim, where do I stand if the title has recently been transferred to me? 

Perhaps if there is a lack of knowledge/ability on deploying additional capital effectively... or maybe a lack of confidence with properly estimating and maintaining enough liquidity to cover the moderate volatility of owning a rental portfolio.But aAt the end of the day though one's equity simply won't grow as fast the more it is dissipated into inefficient investment vehicles, and it could be argued that, ironically, leads to greater inability to cover risk and adverse circumstances than the ultra-conservative REI's tenets end up doing.

If you are risk adverse real estate, (especially out of state) is not for you.

If you are a new investor, probably you will not have a lot of assets and/or equity to worry about (but even that is relative and subjective to each person tolerance to risk) so I would not worry about that till you pass that risk threshold (in my opinion 100K+ in equity, maybe 50K if you are really risk adverse).

Squatter's rights, or adverse possession, varies from state to state.