Often times the information in the listing P&L (profit and loss) statement is just flat out wrong.

If you do decide to do it, I would NOT recommend charging a flat fee; your tenants will abuse it.

Are you looking for a 2 flat in Aurora or 4 flat in Rogers Park or SFH in Tinley? 

If so, were permits pulled & were they installed by a professional5.Are any of the homes rented to students6.Is there a flat roof7.are there asbestos shinglesThe Year that the following were updated (either partially or fully) would be good to know:- Heating systems- Roof- Plumbing- electricalSome companies will not write properties with systems that have not been updated.If the property is solely tenant occupied you will be looking for a Dwelling/Fire Policy (may be called a Landord policy or similar name) or a commercial policy such as a Businessowners or Package polciy.Most dwelliing/fire policies include or you can add:1.

If you want to do it yourself look at “flat fee mls” services.

I took the advice from one of the most recent podcasts and found a building that had been on the market for a while - and flat out called the agent to learn more about the property.

Anything that breaks we just bill the owner as it occurs.How do you bill for the consumables if in bulk - just a flat fee per guest/fill up?  

In spite of what seller wants, some RE agents will handle all required paperwork for a flat fee.

If there are any risks, is there a way I can mitigate the risks (say by hiring a real estate attorney or an agent who will work for an hourly / flat fee? 

I would just do a flat fee or 3% and sell them to investors.