Until you reach out (phone call, e-mail, letter), you won't know.

@Carolina E.  

Mainly because of lack of due diligence.. my question is would getting an O&E report on a prospect property be the best route to take?

If it were me, I'd tell my friend to act as if it's serious.HINT: That's why C/E Departments need to initiate legal actions in the first place...because people don't get off their butts!

utf8=%E...

I use Joel E.

http://www.eventbrite.com/e/showcase-california-ve...

Owner would not provide schedule E but rather provided the following breakdown:Potential purchase price is $450KPotential Income at current rents: $75780Expense:Taxes: $6456Insurance: $3300Night Light: $348Dumpster: $2136Snow Removal: $1330Lawn Mowing: $1044I added:Vacancy Rate at 10%: $7578Repairs/Cap X at 10%: $7578Leaves us with $46010 NOII can get a 20% down/300 month loan with a 5 year adjustable rate at 3.99% at a local bank I've done commercial loans with before.  

@Bob E.

If someone comes to me, I'll send them your way.If you need help in your search or want to verify something don't hesitate to ask.For example: I have clients worldwide and things are just as easy as I e-mail them, talking on the phone.