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As a result, you will most likely spend hours viewing over-priced properties that 'match' your criteria, only to discover that they fall short, that the calculations are off or that they fail to verify certain documents (such as income/expenses, vacancy history and examine current leasing agreements).  

I don't have a 1003 in front of me, so if the block says secondary market loans, I might be mistaken, but the intent of the other assets and liabilities section is clear to me, I think it is after 20+ years of filling them out and examining banks for compliance issues as an examiner, I don't know, I might be off base, but I think I'm safe in the overall assessment and what was inferred.

Either way, you should examine the market to determine what you should offer and put less weight on the list price.

The home inspector will say that because of the snow they were unable to thoroughly examine the roof.

Of course anyone that would "buy" a property for 5K and then "fix it up" needs to have their head examined.

I'm very new just like yourself, and looking to build experience.I'm actually preparing for my license at the moment, and hope to take my exam in March or so.  

Unless you suspect that your tenants are capable of the disciplined financial commitment of controlling their spending and saving up their income to put a down payment on a house, the tedious paperwork and financial self-examination necessary to get a loan, and the confidence to sign on the dotted line and assume the uncertain responsibility of owning a home.The sad fact is, however, that most C-class tenants of my acquaintance struggle with these things unreasonably.

Hello all,I've just passed my Real Estate Salesperson exam in the state if Georgia. 

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.