You might think that's not your problem, but it can be be if the court rescends the sale saying it was a sham transaction or arising out of other issues.

SInce this site is made up of real estate investors, and while making it more difficult to obtain a name of a member, the other issues of liability are not that much different, especially any issue arising out of a real property issue will, by state statute, usually be adjudicated where the property is located.

Mostly smaller issues such as AC unit swaps, replacing faucets, rebuilding guts in toilets, change GFCI's etc.....common maintenance but at times bigger projects do arise.

Are there any apartment investors willing to talk about how they started in the apartment world, your first deal, any unexpected problems that may have arised and how you solved them, where you find your deals and especially how you finance them. 

Do you carry your own insurance then and are fine paying your insurance deductible if a problem arises? 

The problems arise because most wholesalers are a bunch of low-level conniving, lying, duplicitous $h*tbirds.  

Just remember that anyone that paints an amazing picture and doesn't explain the risks and issues that could arise - I'd probably stay away from them.  

I spoke to a couple of attorneys and they confirmed that it is roughly a 2-4 month process if it's a private house and no extenuating circumstances.When you get into rent controlled properties, elderly people, children, and unkept properties then issues arise and it will take longer.They also discussed initiating a surrender agreement (cash for keys) which they can manage.

Hi.We are switching property management companies in CA for our 4 plex and one of the terms on the new manager's agreement is as follows: Indemnify, defend and hold harmless Property Manager, and all persons in Property Manager's firm, as permitted by law, from all costs, expenses, suits, liabilities, damages, attorney fees and claims of every type, including but not limited to those arising out of injury or death of any person, or damage to any real or personal property of any person, including Owner, (i) for any repairs performed by Owner or by others hired directly by Owner; (ii) for those acts relating to the management, leasing, rental, security deposits, or operation of the Property by Property Manager, or any person in Property Manager's firm, or the performance or exercise of any of the duties, powers or authorities granted to Property Manager;Anybody else see Indemnity clauses in their property management agreements?   

They are out there, you just need to know your market intimately, down to the neighborhood, and be able to strike aggressively when opportunities arise.