Quote from @Chris Seveney: I agree with Bruce, if there was an insurance claim against the property that absolutely should be disclosed.  

@Chris Seveney Agreed.

@Zach Denny - I agree - chances are the institutional lender won't be comfortable with an owner-financed 2nd and 100% combined loan to value.

I agree with Alecia about only screening people over 18. 

I sincerely and wholeheartedly agree. 

I'm sure that many of us will agree that just because you can get a bank loan, it does not mean you should.

I agree with the comments above.Most important is a fully furnished, comfortable property with the basic amenities: coffee, teas, functional kitchen (all utensils, spices, cooking and baking, etc.)

@John Lasheri agree with you, you'd be surprised at how many people listen to Grant Cardone though, and decide that they're going to go buy a 100 unit with 'OPM' as their first deal and quit their job.i think buying something of that size with a few partners is a perfectly good goal. 

I absolutely agree with @David Krulac.

@Sabian Ripplinger I agree with what @Noah Wright is saying.