Quote from @Benjamin Ying: @Michael Smythe I'm new here, how do you determine property class if you're looking on Zillow?

That truly determines the successful from the unsuccessful, making it happen despite all the odds against you.I have a similar story of finding real estate and achieving financial freedom over the course of 4 years, going from 0 to over 300 doors.

Of course your specific return requirements will vary, so figure out what the numbers are for your market, analyze them to determine margins and decide if that is an appropriate return for the risk you are taking.

And, the buyer cannot hire their own 3rd party inspector to determine those issues.  

They have land under contract, $2B in agreements signed so far, so that’s it really.

When you build a relationship and use a Banker time and time again they know your file, credit, and can determine what program would be best for the next step or cash out refinance.

An agreement would be signed, and the property would be sold in 5 years and proceeds split up appropriately.

What is the recourse for the tenant who signed the lease under each individuals name?

A good sign of an agent is how much business they are doing on the purchase and sale side. 

.- You will have to come out of pocket for the arears, fees etc, just to get into "contract" some times $20k or more and all you have as protection is the word of someone who's proven to be unreliable and a signed piece of paper...