Think of it like selling a used car and providing a buyer with all your maintenance receipts, mechanics assessment, and a clean carfax report - the car would sell quickly assuming a reasonable price.

In my area regular home inspection is only for structural and mechanical and pest is extra fee which most of them sub to a local pest control company.

But I generally buy cash and rehab the units fully before they become occupied, so I am buying some rough stuff and most of it has new mechanicals (HVAC, breaker panel, WH, etc), roof, kitchen, bath & flooring, so I usually have very little capital expenses for a very long time.

The mechanics of wholesaling are somewhat simple its mental toughness and resourcefulness that people lack.

It's like my fingers are on auto-pilot.

Thanks for the welcome @Chris T I spend my time actively marketing contractors insurance (Liability, Work Comp, Auto, Bonds, etc).

My name is Dominic Augustine, I am 28, have my mechanical and civil engineering degrees, am a business development manager and am looking to gain my financial freedom fro real estate investing!

I understand it's private money and how to find it, but I'm looking for information on the mechanics of how people use it. 

I use a mechanical Codelock pushbutton one with a latch not deadbolt on my own apartment door.

You can also see when the owners were served foreclosure notices and other liens such as, Municipality, mechanics etc.. because those get recored also.In the case of the auction your talking about, my guess would be the first mortgagee was willing to accept $126K because thats probably what was owed to them by the owner.