Some sellers of rental properties love to hide behind the "seller never lived in the property" box on the disclosure.After all, we all know that landlords who don't live in the property would never know that there's a crack in the exterior wall, or there's a hole in the roof, or the HVAC is about to crap out.I would suggest an extra intense inspection of this property.By the way, if you don't have an inspector, I can recommend a really good one whom I've used in the past and with whom I've been very happy.

Yup open up the drywall for at least the first foot,  and test see how the insulation and drywall is in several spots.. you gotta get it figured out early because mold will start and once that sets in your talking issues.. 

Paid 30k for "properly" removing and disposing it, with all the testing and insulation, that is how alarming it is, if you don't "touch" it, it is fine, and peeling something is more than "touching", right now asbestos fibers might be circulating in your house, it will be like that and you might inhale it.

The bill has a number of key components—including higher capital requirements, the Volcker rule (which prevents deposit-taking operations from making speculative investments), the imposition of bank stress tests (which ensure that banks can withstand a financial hit), and the creation of the CFPB—that have already been completed and implemented.

Either way, the education requirement is 63 hours, pass the class test, and then a state test.

So yes, this method still works, but it is very labor intensive.  

Here are some costs associated with being an agent:E&O insurance (can run anywhere from $150+ monthly)desk fees (depending on the brokerage, some may charge "desk fees")rev split - when you join a brokerage, they get some % of what you sell - even if you don't sell, you may still pay desk / E&O / Office feesthe test, materials - $600 all infees to be part of the Real Estate Board - ~$1000/annualfees for MLS - ~$800/annualfees for key entry (can't remember how much this runs)So all in, if you do zero business, and close zero deals, you'll be out roughly $4k for the first year, and roughly the same for every year following.

It meets the eye test, distressed, it can be purchased at a huge discount, ( I will disclose the numbers below) all of the numbers make sense and begs me to just do it!  

I find on really intense books I need to think about some of the concepts and try to visualize them. 

We bought a park that needed an intensive management turnaround, the seller simply quit paying attention to what his so-called "manager" was doing.