But that's not a practical or timely solution.

USPAP- Uniform Standards of Professional Appraisal Practice- our industry standard does not require a site inspection, building interior or exterior inspection, etc.The appraiser and client set the scope of work per USPAP.

But practically speaking most folks selling like that don't have outside cash so they replace the debt with debt.One trick is that you can use the proceeds in any way that you want in your purchases.  

It can lead to better business practices beyond the ISO 9001 compliance.If you were creating a company you wanted to sell, it could be worthwhile.

It is common practice that when it comes to real estate a contract must be in writing to be enforceable.  

In short, you have both: cash flow AND appreciation if you practice BRRR correctly. 

A great book is Rich Dad Poor Dad by Robert Kiyosaki.Another great resource is the BP podcasts, found here: https://www.biggerpockets.com/podcastI listen to them in the car, at home, whenever I have time. they are extremely motivating and contain a wealth of practical knowledge.Happy investing!

Great read, life-changing, and practical.

@Rich HupperArticle 16 of the Realtor Code of EthicsREALTORS® shall not engage in any practice or take any action inconsistent with exclusive representation or exclusive brokerage relationship agreements that other REALTORS® have with clientsArticle 16 is intended to recognize as unethical two basic types of solicitations:First, telephone or personal solicitations of property owners who have been identified by a real estate sign, multiple listing compilation, or other information service as having exclusively listed their property with another REALTOR®

I recently started my RE Agent Classes and one them is Real Estate practices.