Some are a pain in the butt and some are smoother.  

It's a dangerous place to play without a LOT of experience in that market, sometimes there is not much difference between 1,000,000 house and 700,000 house.We have a lot of experience in the 150,000-400,000 range ...over 100 rehabs, but 500-million is a different animal in our area. 

There was also a hole in the floor that animals had been coming in, and the house was infested with thousands of fleas.

This is a completely different animal and way too specialized for the forums here (massive, massive cash reserves), and beyond my expertise.

You can only get rabies if the animal was infected and but you.

Buying NPLs is a different animal and would not recommend it unless there's an experienced team behind it to properly service the debt.Regarding the REOs, the portfolio I've had access to is worth €25M+, but assets could be purchased individually.

Commercial properties are a different animal.

Emergencies are a different animal

You won't rent to undergraduate students (not a protected class), you won't rent to people with income of less than 3x the rent, you won't rent to anybody with certain animals, you won't rent to somebody with XYZ on their credit report.

Negative ghost rider.Yes public has a pre conceived notion about how real estate works.. and that is generally how SFR type real estate works IE board of realtors MLS system etc.Commercial is a completely different animal.. from my experience as you state most deals happen when a seller has a relationship with a commercial broker and that broker brings the buyer the property is never on the open market so to speak.if that does not work then its shared in their office..