If I might ask, I'd be interested in hearing  exactly how you came about your discoveries -  Was it a targeted needle in the hay search; throwing darts at the map/county; a blind swing with the piñata or dumpster diving at the auction ? 

Ryan Dossey Hi Ryan, What I am hoping to do (still subject to change depending on what I discover) is to use leverage in order to purchase the properties but fully pay off the loans involved until I own the property 100%.

(For example, conviction for illegal storage of fireworks);Discovery of willful or reckless acts or omissions by the insured increasing the hazard insured against.

If you don't have a pen and paper - you now have their caller ID - do a preliminary bond and rapport session with them, go through a little discovery and tell them a time that you'll call back (then stick to that time!).

My latest discovery is on 10 off-market acres of river waterfront for about $75k and everything is now lined up to buy it except the purchase capital, which needs to be all-cash.

Does this discovery warrant price reduction ?

We once stayed in a fantastic location at Anna Marie island only to have the whole experience destroyed by the discovery that there were dried and very dead cockroaches along the kickboard in front of the sink.

@Ran Fridman It sounds to me like you are in the investigative "discovery" stage of checking out defaulted taxes bargains.Given the myriad laws and methods of taxation and their remedies, you'd do well to focus on one state at a time. 

This means that the bank, upon discovery of a sale, may choose to accelerate the loan and call it due in full.  

Well.... that inaccuracy is something I can absolutely take advantage of, and did.So, in this case, my own Analysis of the Purchase Price using the Cap Rate versus the Sales Comps proved to be much more accurate.In fact, I made $400k more ON PURCHASE because of my PP to Cap Rate calculations and discovery of the inaccuracy of the Building Occupancy discrepancy.None of this is as easy as I make it.... but if you take the time to learn and stick with it.... you can be rewarded for your efforts.Investor Llew