Matt,I agree with Ryan that starting with a smaller deal to gain experience would be a good idea.In my experience, sellers often grossly distort the truth about the NOI, so you will need to verify that.

If you have strong verifiable wealth that will more than cover the potential losses from the loan, then they won't really care if the other 4 co-signers are losers with no income or credit.

Bold low offers, Verified denials, And keeping a large number of offers on the table.

., after you verify the rents and the major operating expenses like taxes and insurance, and apply your own experience about the typical costs to maintain and the amount you need to allow for potential vacancy), you decided that these properties are being offered at something closer to a 5% cap rate.Before you spend any more time or effort considering these properties, you know that, at their asking prices, they are not worthy competitors for your investment dollar.

Yes, it was a year or more ago but it is real money and you could provide a cancelled check to verify they really gave you the money if necessary.

So, to answer the OP, there is no way I know of to verify the claims of these attorney shams that attempt to stop foreclosures, if that's what you were getting at, other than going back and looking up the court cases.The National Association of Forenic Accountants is here in my town.

I would guess that the biggest piece of due diligence that is not inspected is payment history.Many will inspect the property.Many will inspect the leases.Some may even inspect the expenses.Few will verify proof of paid rents (on time).It's easy to verify what the inherited tenant has agreed to do.

One clause saying I have 3 days (or whatever you want) to check title, have an inspection, verify all of what you have told me, etc. is all I need and you need.

I've only personally seen/verified 1 time where a 'deal' was had in the stock market and that was more than 10 years ago.

Others only show proforma numbers which is not relevant (particularly with commercial properties).Some of the OE you can verify and plug in to your analysis, while others need to be estimated.