Were any junior liens uncovered?

He later moved to Citigroup and tried to do the same there, but was quickly fired after an internal investigation which uncovered his actions.

If you can uncover thier problem then you can offer a solution. 

You have to uncover those yourself. 

I've very successfully renegotiated the price after inspections uncovered issues.

If you uncover any concerning issues you can go over them with the applicants before signing.I'd also recommend going through the lease, explaining any important restrictions and the penalties.

We put it up for sale on Craigslist for $300 a couple days ago and had someone pick it up today and buy it for $250.That made mew think that with all of the active investors we have here on BP, some of you must have some cool or not so cool "treasures" you uncovered while rehabbing homes. 

These are not always readily available, but when they become available they could turn out to be terrific buys.I've always focused on value add and opportunistic investments in commercial, but having developed an interest in MF recently I've started to uncover more and more MF value add properties in the markets we're focused on for acquisitions.Buying them requires more hands on commitment other than simply management, but the value enhancement can be significant. 

I share the properties between the providers and can gauge their performance and price.The responses are great and they cover items within the infrastructure such as AC/heater,electrical, plumbing, garage door etc.If there is anything uncovered that needs to be fixed, my broker connects me with local handy men or professionals to take care of those issues.One of the providers, https://www.ahs.com/ charges $75 per call. 

The best way to explaining this is for you to download an IRR calculator spreadsheet or build your own simple one and play around with one.For what its worth most deals I deem meeting minimal IRR standards is 13-15% but you have to dig a little deeper to uncover the real placements of cashflows and capitalization events... and then dig even deeper to verify the assumptions such as occupancy, rent increases per year, and what reversion cap rate was used.Again I don't look for IRR cause its manipulated a lot instead I look at total return on a 5 year basis.