Is an attorney needed at this stage in the game?

Apparently, they don't have to disclose things like that if they are just in the evaluation stage.   

But it's still in idea stage at this point.

Some think it means foreclosed property, others think it means "at the auction" and still others think it means any property in any stage of default.

But to undersand how to do this you need to be down the road a few years and have expenses in excess of some amount as a percent of your income.  

The Japanese have already shown us that a country can carry in excess of 200% debt to GDP and the Greeks have shown us that 170% is unsustainable.

"did tenant cause excessive repairs or maintenance?"

So I did it myself, I was in the early stages and out about $25k at that point and a local business woman stop at the site and said she would cash me out for a $250k profit, she had figured out what I was doing and wanted that corner for her business and an investment.

One concern of carrying 2 policies on the same property is that most policies have "excess" clauses.

Once someone has passed through the sales pipe line and become a client, I just move their box to another line to move them through all the stages of getting their account set up.Best part, it's free