Granted, the OP does not reveal what inefficiencies are present.

The turning point has also been revealed by a number of interviewees on the Bigger Pockets podcast.

Typically you're going to want to perform a title search each time you convey property via warranty deed so any hidden encumbrances are revealed and you don't get burned later down the road.Hard money lenders don't all operate the same way but I imagine they all execute and record mortgages on the property.

Does checking with recorders office reveal everything on the title?

A Google search should reveal that value to you.

It included three telephone surveys of 3,036 adults, 1,515 men and 1,521 women 18 years of age and older, living in the continental United States, and interviews were completed on August 9-12,16-19, and 23-26, 2012.Highlights Include:- More Than a Third of Investors Plan to Buy More- Investors spend $9.2 Billion a Year to Repair Housing- Lower Interest Rates and Access to Credit Top Investor Incentives- 28.1 Million Americans or 1 in 8, Consider Themselves to be Residential Real Estate Investors or Own Residential Investment Property TodayThe complete study report can also be viewed at:Joint BiggerPockets.com / Memphis Invest National Survey of Residential Real Estate Investors- September 2012The news release with highlights:Most Active Real Estate Investors Plan to Buy as Many or More Properties in Next 12 Months - 9/20/12Coverage from our BiggerPockets Blog:Joint BiggerPockets.com / Memphis Invest Survey Reveals Investor Trends, Market, & Impact

Caruthers, you didn't do your due diligence OR the former owner did not reveal this contract to you properly.I worked in the "route operator" business for a CoinMach competitor for 14 years.I agree that these contracts are onerous.

Well the day came to reveal all the bidding and we won.

(and for the first time in 15 yrs of having first rt on a variety of properties- the buyer is wishing their name to be not revealed).

For example, I just read a recent post that revealed that Zillow places rental data on property listings whether or not the property is for rent.