The certificate of title examination shows that many of the liens are federal tax liens.

In high level appearance, it may seem to lack quantitative backing but under examination it is present.

Bill, You say you were a Bank Examiner for FDIC so that would cover all banks is that correct?

First the loan committee and then the bank examiners (regulators).

I get much of my opinions from reading instructions to examiners, I'm familiar with that, but they aren't in the business of structuring the operation. 

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

@Gilbert Dominguez@Nicholas GrayNicholas did you take the FE exam?  In

When I examined my business, I felt that I could have more free time to chill and enjoy myself outside of work and focus on the 80% and let the other 20% go to someone else who was ok with the smaller margin deals that seemed to take up more time.

Goggle is your friend, the information you find may well be hazardous, so I suggest you read government sites, blogs at law firms, law schools are another good source, you should know the difference between guru crap, public forums and an educational or legal information site.Most newbies really don't want to know, they want to believe, so if you really want to know just call your state real estate commission, ask to speak to an examiner or investigator or council.

Have you examined the entire perimeter, behind bushes and sheds too?