I model inflation at 2%, while acknowledging that I could be substantially off with my estimate.

Yes, I understand you're the one bring cash to the table, but the seller is paying the commissions from what they net.You acknowledge you don't have the ability to do the necessary due diligence yourself.

In all cases, the seller's attorney would send an estoppel letter for the tenant to acknowledge, and then send a copy to me, when I'm the buyer.

I am also surprised that his insurance company didn't tell him that he needed flood insurance, mine sent a form that I had to either acknowledge the risks, or provide coverage information.

(Sent from my phone) Eric - It helps to have a written checklist of expectations with a copy for the non-performing borrower as well when you have the face to face and get all parties to sign it as an acknowledgement to adhere to those expectations.Over the years, given my outside finance company and my captive finance companies, we have taken thousands of homes back.

Acknowledging that and then focusing on what you CAN learn from them in return if you spend time with them is the key.For example: a friend of mine is completely content in his job that I actually used to work and hated. 

Ignore the CV of $1,17m, the vendor acknowledges there is work to be done.

The key factor here is that you acknowledge and factor in these costs in your numbers so that you can correctly determine if the deal is a good one or not.

I will acknowledge that it is harder right now with bloated valuations in most real estate assets but as long as you stick with first principles and buy when the buying is good, you can make it work.Also, I keep reading over and over from people with zero experience in CA real estate that CA is horrible to landlords.

While it's important to acknowledge the debate of climate change and rising sea levels, it is unlikely that Tampa will be completely submerged in the near future.