If your cash/cash is a good return, THEN take the time to examine the location, the property itself and get a walk thru.

If you examine your property as if there were financing in place I think you'll find it's not a good investment.

If it really is as described by Kansas City FED, who said that the too big to fail banks are now much bigger and that it would take some 70,000 examiners to inspect these trillion dollar institutions.

Primarily how can I fully examine a persons role in real estate before going into business with them?

So, it is a bit harder to develop relationships with title examiner as you need to go through an attorney but I would be interested in hearing thoughts on how others who bid on courthouse auctions do some of the basic research as far as making sure they are bidding on the first mortgage lien, tax lien, mechanic lien, judgement, etc.Thanks and look forward to a great discussion on this.

I will say some of the questions from the practice exam in the back of the text book were on the state exam..

Talk to contractors, only someone examining the house can give a real idea of the cost.

Thanks Alex, we just made a decision to bail as my partner who is a contractor examined the property closely and it looks like the foundation may have issues he said rehab repairs are more in the 100k-120k range.

I hope to sit for the state exam in March.

Although I also think it's worth examining your mindset: instead of an action giving you a result you weren't hoping for being classed a "waste of time", just think of it as an intelligent way to make sure your operating at optimal efficiency.