What precautions or due diligence needs to be done to ensure protection of the financier and me as the buyer?

Members can also elect to block ANY individual member from sending them a PM (other than mods and admins).We hope that you guys find these changes to be what you're looking for.Those of you who wanted to be able to PM anyone without the colleague request can now do that with a PRO Account, and the rest of the privacy and security precautions should satisfy the rest of us.Thanks everyone!

It's to bad that relatively small simple deals need legal precaution, but that is just the way it is.

This makes sense to me as a necessary precaution for any bank to avoid a connected property from turning into a dump. 

As a precaution, I build into my costs to have the septic tank pumped every 2 years (about $150-$200) so this helps with some of the risks. 

My wife and I are still relatively new to this business, and we want to make sure that we’re taking all of the necessary precautions to protect our best interests.We met this gentleman at a property auction.

Eliminating a few of the other precautions mentioned.

What pros and cons and precautions you would advise others?

Take the others advice as well cause it’s for precaution.

You'll find a lot of multis built in the late 1890s to the 1930s and those come with all the usual physical plant precautions - knob & tube, cedar pilings, ancient plumbing, etc.RPR is a good tool, but more than that, I'd be looking at Trulia's crime heat maps and MLS rental histories.