Doesn't surprise me, I've uncovered some of the sloppiest builder-work over the years while gutting/rehabbing.

@Chase Louderback I go back and forth on this strategy but in general unless they are completely unrealistic I do not show them underwriting or due diligence, only glimpses of what I uncover.

Something to keep in mind... if you're renting a unit within a building, have women tenants and you decide to give this guy a chance, this could possibly be problematic in the future if any of those tenants (or even neighbors) check his background and uncover the same info you did. 

COVID has uncovered a risk that previously I had not considered. 

Current living situation will tell you if you are getting consolidating households and number of vehicles is something I like to ask because it uncovers multiple singles and hoarders in my area.  

Again, I'd love to connect with any investors, agents, wholesalers, property managers, contractors, or anyone else in the real estate business who wants to talk shop and uncover ways we may be able to do some business together!

The best way to explaining this is for you to download an IRR calculator spreadsheet or build your own simple one and play around with one.For what its worth most deals I deem meeting minimal IRR standards is 13-15% but you have to dig a little deeper to uncover the real placements of cashflows and capitalization events... and then dig even deeper to verify the assumptions such as occupancy, rent increases per year, and what reversion cap rate was used.Again I don't look for IRR cause its manipulated a lot instead I look at total return on a 5 year basis.

How did you uncover the several years in prison with drug charges?

We recently had a shower remodel that was supposed to take 2 days but ended up taking 4 days of work over the course of a week because of larger issues that were uncovered during the reno.

Leaving you with a uncovered $250,000.