The outcome wasn't good for either recipient (1 was prosecuted for fraud by Section 8 and once they dug deeper ended up with felonies for grand theft, and perjury the other loss her voucher and is now staying with family).

With that said, once things went south we dug a little deeper and the records had revealed the tenant had filed for bankruptcy 1 year prior and had several aliases.

The one with deeper pockets has the most liability.

Stay broad while you figure out what aspect of RE you are actually interested in and then you can start diving deeper. 

I'm tracking at an 8% conversion rate for calls to contacts and I'm building a much deeper pipeline. 

You may want to think about buying it again, maybe even at a deeper discount.

You would at least get the techniques one layer deeper in the transaction. 

We've found we just have dig deeper. 

But my experience goes much deeper. 

But it's an approximation that's really easy to calculate to determine if something is worth more time.Now, as for buying a newer building, you can absolutely adjust your Cap X and repair budgets accordingly, but that goes deeper than the 50% rule.