A property I am looking at had a fire about a year ago and the insurance company of the prior owners was nearly done fixing it up before the bank took possession of the property in foreclosure.  There is about $10,000...

I have heard (not experienced) of folks who know they will be selling properties (especially commercial properties) not claim all their expenses on their return for a few years just so they can over state income.  

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

The price of the property is at a premium because of their claimed high rate of income and mostly turnkey business model.

I was thinking he might have notified me about that immediately, but maybe that's unrealistic. 

Hello again,Our tenant claims she believes her back lock was vandalized by someone putting something in her lock preventing her from putting her key in it. 

I currently have a property under contract, the "owner" that lives there got the home transferred to him via quit-claim deed.

What you call "when no service is being provided by the broker" could more accurately be described as "the largest liability the broker has where their e&o wont cover claims because principals to transactions are generally excluded from coverage". 

"real estate is going to crash soon", then 20 years later when it happens, they claim they were right.

Zero.Stone Financing claims to be from Las Vegas.