My question to you all is , should I do a separate contract along with the Escrow instructions or just use Escrow instructions to wrap up a deal?

If it was a mild infestation and your electronics weren't on a wall shared with the other apartment they are probably ok but if you are worried there is a treatment called Nuvan strips which can be purchased online; these are pretty toxic and the treatment instructions must be followed carefully.

@Jim PeretIf you have to pay UBIT/UDFI look at IRS publication form 990T instructions.

And when you do retire you can move to a hidden treasure that is not a mini California!

@Franky AikensWhat I love is the "rush" I feel when buying a great deal - it's like finding a hidden treasure and beating out the other treasure hunters.

The don’t have sufficient cash reserves to make up the delta.Simply the current owner/borrower cannot sell it at the appropriate market rate unless there is some hidden value added play( please all legally done, make a single to a 2 or 3 unit, convert some or all of the property to commercial (laundry, 7/11 store) (i.e.

You need to look at how the market vacancies, how they screen applications, how they handle lease violations like unpaid rent, what are there eviction rates, what are their vacancy rates, how strong is their lease agreement, etceteraI'm on my cell phone and can't give you much more but if you send me a private message, I'll give you a more detailed instructions on how to investigate property managers and make an educated decision

It seemed very easy and clear at first but when I looked deeper into this concept, it appeared to me that it has some hidden problems.

Before doing anything else, almost certainly, some tenant, sometime hid a key somewhere around those apartments in case they got locked out or because their third cousin was coming to visit, something...make sure you look all around the common grounds for hidden keys.Anyhow, unless the landlord changes the common door keys EVERY SINGLE time a tenant moves out, then it's not a security issue. 

The official foreclosure notice is generally required to have the property legal description, which is rarely easy (but not impossible) to convert to a street address.Here in Georgia, the address is usually in the notice, but is often very well hidden among the legal blather.Since it's all public info, can you paste a sample notice here for us to see?