Occupied properties will make it nearly impossible to get title insurance, which also prevents financing.Each state has various redemption rules, so you have to know those for the state and the type of auction.People like to damage the properties before vacating, so it isn't unusually to go in and find the copper missing, the wires cut, water flooding the basement, the HVAC missing or cut, and holes punched in the walls and the floors.

It's not unusual in Chicagoland for the REIAs to have a membership fee, or to charge for some meetings.  

I actually prefer text for the most part, there are a few exceptions...those are the unusual circumstances.

@Matt Arden depends on a few things, but it's not unusually high

Just the sleep dep talking I guess, combined with a rough year in landlording paradise with an unusual amount of churn as well as unexpected cap ex: a gnarly eviction, a tenant that OD'd in a unit, a hailstorm that trashed a $30k roof, another hail storm that did a lot of random damage with hail chunks a tenant described as being cauliflower head/cannonball sized which broke a solid oak deck handrail among many other things on the property, a sewer line that needed to be replaced which required jack hammering up the slab in a kitchen I had just finished fully remodeling, plus the new baby and the two other babies it's been quite a long year already so far.

@Nigel Prentice I would say a few for draws is unusual in lending.

It’s not unusual to go your first 3-6 months without getting paid.

The 1000 a month seems to be about average for the area compared to the comps. it is not unusual for the county we live in to have 1800.00 dollar rents.

Gross and net numbers do not confirm to 50% rule - net should be 50% of gross.Ask the seller to provide operating statements for the last 24 months and rent rolls.Look at all maintenance/management items and find out why expenses are unusually low.

So I don't count the 10% as an expense.Corey - as far as people paying their own water in Delaware, that is not unusual.