This is our first rental purchase that had tenants, so a lot of it was diving into the unknown.

The last one I still have is a property that was used commercially as a bar and gas station that unknown to me may have environmental problems.

Third and most recent time was on a three-family that appraised fine using the income method but the appraiser, for reasons unknown, stated that because there were ZERO multi comps anywhere in the COUNTY, the highest and best use for the property was as a SFH and under-appraised by $25k.

In other words how do you  SUCCESSFULLY spend money in unknown territory?

The only unknown is the cost of removing the current MH. 

2) Is the seller willing to adjust the sales price accordingly for the liabilities, hopefully in addition to your time, effort, and risk dealing with the unknown (again, talk to title company). 3) Title company - can they be removed?

Granted, ever since the spring of 2015 I have been exploring various ways of making money (photography business, stock trading...) and had taken numerous action steps but nothing seemed feasible as I waded into the unknown, nor were they aligning with my strengths and passions.But.Real Estate.The Potential.I immediately searched out and attended several REI clubs in the Houston area, witnessed a couple case studies by 'average people working day jobs' and my mind was blown.

This is because the "return required on your equity" is the very same unknown that we are referring to as cost of capital.

A big unknown for me is the potential fees that are associated with selling a home.

I want to avoid that type of unknown hassle.