Most inspectors will know that properties only need to meet whatever the code was when they were built, not current code and they usually explain that properly IME.

Make sure to include proper disclaimers. 

It is often the investor who failed to do their proper due diligence, failed to be patient and ultimately didn't ask the tough questions they need to ask that pays for those short cuts.  

Sounds like its time to sell since the HOA fee just doubled which usually means the HOA has not been managed properly and failed to build a strong reserve account.

but working with someone who is local to your market, who can show you their legal documents that they have used, introduce you to a proper title/attorney office for drafting documents...I mean, nothing is foolproof...but that route will have a significantly higher success rate. 

A lot of tenants might not know how to use it properly. 

So you can really get an idea for the market and if a property you are looking at is properly priced!

Not a position anybody wants to be in, but he apparently doesn't disclose that.There are ways to do this much more safely, but of course, you need proper training and to be told what to avoid.It is predatory.

So, they got taken advantage of.4) They didn't do enough research on comparable properties before doing repairs - so went either overboard or slumlord, instead of properly Maintaining to the Neighborhood.The other challenge we encounter often is investors expecting perfection.

While not every mentor is a guaranteed path to success, proper vetting through referrals, review of a mentor’s track record, and alignment between the mentee and the mentor can shine some light on whether or not this relationship is a good fit.