Here in litigious CA, I've heard and witnessed enough stories, both on the sad side as well as the abusive side, to cause me to avoid keeping pool property in my rental portfolio. 

Also Annello Home Inspection, Chris Annello is a former contractor so he knows about repair work and he was an expert witness in the Chinese drywall cases.

What I have witnessed here in Oregon, as the past President of the Northwest REIA, is that Rights of Redemption bartering has been a pretty controversial practice among real estate investors.

I don't want to be accused of being a Homer  LOL..

An example I witnessed last year was a loan application for a purchase at $3.2 million of a Houston office building still listed on LoopNet (a commercial real estate listing Web site) for $2.35 million."

Is it like a policeman witnessing a crime?

Asking different questions to different prospects for different properties also gives you greater risk of being accused of discriminatory practices. 

Luckily the case wasn't too bad with accusations but still that is his personal business and there is no reason I should know any of it.

@Clementene Taylor If you are doing flipping, I think is advised to utilize an LLC for each flip and leaving it dormant after- that way if a problem arises during or even after the sale of the flip (like the buyer coming back a year later and accusing you of fraud since you put "new plumbing" in your listing ad when you only changed the shower fixtures and water connections to the kitchen, not the entire plumbing) it will not periclitate your other assets or freeze whatever other flips you might be doing.

I also believe business should be conducted with honesty, loyalty and by not being greedy.I have witnessed and heard stories from investors getting cheated by many PM's in Rochester that would tack on stupid fees on top of maintenance calls.On a few occasions it was proven that no work was even carried out and it was a fake maintenance expense.Its very sad to see these these things happening.Thanks and have a great day.