For instance, the pre foreclosures being outdated here in KCMO...

In this instance I would tell the buyers I wasn’t fixing it as long as there wasn’t some other reason to compel me to do the repairs.

@Travis Boyd Outside of instances where FHA or other extremely advantageous financing options exist I am a proponent of the LLC for investment real estate although the liability piece is overstated.

Not sure the final outcome, but I'm guessing that is a case where you think things are risk free, but I expect the purchaser was out significant legal fees that were not reimbursed and ended up not getting the property.I've always thought about this in the rare instance that a super nice and super valuable property goes to sale with a mortgage on it. 

Please have a look.Based on my extensive research:Success Rate: 70-80% for experienced investors; 50-60% for novices.Failure Rate: 20-30% overall, with 10-15% resulting in outright losses.I'm looking forward to your response and the response of any BP members who would like to weigh in.Quote from @Mark Cruse: Never used software.

I for one built a simple chrome extension to see if the mortgage is less than rent and accordingly provide that information on every zillow listing page.

For instance, how did the due diligence "come back as clean" and the "leases were solid" if the rent was not paid up to date and paid REGULARLY?  

As a first time and out of state investor, my top priorities for this first investment were (1) a property that would be quick to rent (as I didn’t have other properties to offset extended vacancy rates), and (2) a very strong local PM team that RTR had extensive success with.

I've been using Stessa for years... struggling keeping the connection with my bank and I've had several instances where months worth of transactions disappear and when they're able to restore them for me, they are all uncategorized, etc.

I am happy to provide insight as I work extensively with foreign national investors in the US.