People who confide their financial faux pas score points before they are revealed actually score points with me.

We looked into it and in Florida you do not have to reveal mold to a buyer or someone you are leasing or renting to.

At the end of the lease, they can either exercise their purchase option, or renew both the option and the lease.Another option to consider...In retrospect, of course, effective deal analysis would probably have revealed the cash flow issues before you committed to them.

I'm specifically interested in this from the perspective of acquiring apartment buildings in Washington state.As I understand it, the flow occurs something like this:Acquire LeadLetter of IntentAcquire Finacials (P&Ls)Negotiate OfferUnder ContractDue Dilligence (Rent Rolls, Structure, Title, etc)EscrowManagement ReorgThe part I'm confused about is Due Diligence is likely where the treasure trove of info is going to be, but by the time I reveal that information, I'm already under contract.

The math will reveal that your payments will be higher than what you both can afford, even if you had the down payment.

Some simple due diligence will show the routing number is fake and not linked to any bank, and a simple lookup on California's secretary of state website will reveal the LLC the check is made out to was suspended long ago.

But then, services like Yelp, BBB, and history of license board would probably help reveal if this was an honest mistake, or a common tactic by that contractor.  

Friday we will have the first major card revealed in this game. 

A little research also offer reveals the claimed rents are above market.

I suspect at some point the homeowner and investor revealed to each other the price of their respective contracts.