It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

I got my license in February 2018 and very quickly discovered that the pre-licensing course is all about what NOT to do in order to stay within the law.

I plan on being a “passive” investor, specifically looking at duplex’, triplex' or single family homes to buy and rent out.I come to the community for multiple reasons:- To learn from first hand examples what to do and what NOT to do- To educate myself on smart ways to go about the process without being naïve as a beginner- To really learn what to look for and what NOT to look for as a buyer looking to rent- To look at examples and see what you all may seeI really appreciate your engagement as I'm early in educating myself!

They are ok with allowing a 60-day DD period to evaluate the real estate itself (given that environmental inspections and whatnot will likely take that long).  

We walk around the property for a bit and they gave me the low down on repairs and what not, the lot as well, and things about the neighbors.  

I know most markets are different with laws and what not but if you have a property under contract you should be allowed to market it as you please. 

Do i have to take tests and whatnot?

But if that would scare away other buyers and what not down the road, it's not worth it.

What I can contribute would be what not to do or reinforce what is already stated in this awesome site.

But if it is in decent shape and is only distressed because the person is struggling to make their mortgage or what not, the way you find the deal shouldn't affect the financing.