The thing we have to remember is this property is in a nice area on a lovely street, and the rental market is strong in our area so worst case scenario, renting it will hopefully be easy enough.

Worst case, walk yourself down to the court house and ask to see the records, once you get the plat information from the tax assessor site.Good luck!

Worst you can do is try.

It really helps with crime in the area and they usually have steady employment but that doesn't out weight the worst downside for me.

Worst case, you can help put him on their radar, and when others complain in the future, they'll come down on him.

I always forget how cheap property is in other areas, $41,000.00 in Florida will buy you the most run down piece of garbage in the worst area.

Worst case scenario you can find private or hard money loans, at this stage of the cycle I know several experienced and even more new lenders who are practically falling all over themselves to make new loans.Also I do recommend @Russell McGinnis’s suggestion of driving around any areas you’re thinking of investing in, to get a feel for the area.

The worst was when I walked into a bathroom where someone obviously had a bout of explosive diarrhea, and they didn't flush the toilet.The funny thing is I came in not long after the LISTING agent was showing the property.

Correct me if I am wrong but I guess my worst case scenario/exit strategy is if I don't buy and/or couldn't find a buyer, I will have to rent the property for 3 years and lose my deposit but 10k/36 month + the monthly rent that I will be paying to the seller is still below the fair market rental for that area which is around $1.3-$1.5k per month. 

I thought the worst, that this was some deal you had going with an agent to buy private owner's properties.