If they don't have time to get on the phone and speak with you to explain how they work, then they will be even more difficult to get ahold of once they already have your business.

I can't speak for the city itself / near the university, but up in areas like Liverpool properties are getting multiple bids regardless of the condition.

-In speaking with investors, others have experienced some of the same issues mentioned throughout. 

Bruce Petersen, a well-known syndicator who has been the GP in over 1,100 units, says in his book Syndicating is a B*tch, "About 40 percent of people do their first syndication deal and never do another one" (speaking about the GP). 

Everyone does that a little when starting out but statically speaking spreading effort into multiple markets is not the best use of your time.

He may be actually speaking about a "Wrap".Find out if actual ownership converts to youMake sure you have a title reportYou may want to pay for an appraisal and an inspectionMake sure you use an escrow company or an attorney to do the transaction Hi Ken!

Their success speaks volumes however, its a bit much for me to stomach for a potential benefit. 

Generally speaking if the people are clean the pets are also.

If I remember you left your family in Vegas at a birthday celebration to come speak.

I can only speak to Milwaukee, but on average the three distressed properties I have purchased over the past ten years have appreciated an average of 200% all while providing steady cash flow.