If they haven't been spending money you can count on a bunch of deferred maintenance.One of the big killers is getting units rent ready. 

Compound interest on debt is a wealth killer.

Because I have a monthly cashflow goal for passive income, and also because I really like to see 18-20% COC (meaning that I'm getting really killer returns on my money, and also that I'm getting deals without investing a ton of my own money).

If so your value just took a massive haircutI wouldn't say I would never buy in a flood plain, it's got to be a killer deal to do so 

@Timothy Albright then it's all about making him and his lawyer (deal killers) feel comfortable with you. 

Fees can be a killer with some of these guys, so tell your friend to research fees carefully.The custodian he chooses is the one that does the paperwork to give you the loan.

We just give tenants a bottle of mold killer bleach and tell them to wipe it when they see it.

Even started looking into it once, but the overhead was killer.

What's more likely, that you do a 1 hour search of a property on Zillow in an area you know nothing about and find a killer deal while ALL the other investors in the area are sleeping. oryou found a deal that no other investors want at that price because they know something about that property or neighborhood that you don't.The internet has made deal analysis priority number 1 in property purchasing but that does them a disservice when they forget the first and most important part of real estate: LOCATION.I guarantee there are a ton of investors looking at deals no matter where you go.

When prices fall, leverage can be a killer, requiring you to pay the piper on the back end instead of the front end.Loan mods, short sales, deed in lieu, etc., are all good solutions for homeowners who've suffered a financial setback.