I know, it's a huge fumble but one that I undertook as a gamble and I lost.2) I requested the original lease from the owner, at least twice and he either couldn't or didn't want to supply them.

Find someone that comes highly recommended from a friend, family, real estate agent, etc who charges a fair price and you will have a sucessful project anything less and you are gambling.

You aren't buying rental property.You are buying speculation property.Anytime the cost exceeds the rents coming in,you are gambling on gains on property for profit(which i think is insane)Speculation is dangerous

If you're not deeply immersed in the numbers...know how to calculate them and exactly what they mean in context (i.e. relative to those same numbers in nearby substitute apartment buildings) then you're not ready to lead a deal yourself.

Tourist says "Hmmm, how do I know you won't just gamble the money away?"

Worth a $50 gamble on good cheer to me!

The gamble did not pay off.

I have actually found a lot of answers to my own questions through this forum alone.I'm hoping to really immerse myself to the ton of information that this forum has to offer.

“Life in Sardinia is maybe one of the best one could wish: 24.000 km of woods, countryside, coastlines immersed in a miraculous sea are what I'd suggest God to give us as Paradiseâ€.That's true, Sardinia has really much to offer.Thanks to the mild weather, to uncontaminated landscapes, to the purity of the aquamarine waters, and to its historical and archaeological sites, Sardinia attracts every year many and many tourists from everywhere in the world.From Catalan influences to Celtic landscapes, the island is a magical blend of traditions and charming peculiarities.

If the executor of the estate finds out s/he will justifiably demand a refund.If you cannot comply you may experience some unpleasant litigation, as well as potential criminal charges.Are you really willing to gamble a judgement and lien against your 30-unit apartment building?