I even do a Google search sometimes to see if a news article or something pops up.I don't dig this deep on everyone but it's something I reserve for the applicants that seem questionable or if I have a gut feeling they're hiding something.

Purchased at a deep discounts part of an estate sale, it already had built in equity however I renovated to forced appreciated.

Had a lot of cleanup to do, utilities were shut off and the basement flooded to about a foot deep just days after closing.

Had a lot of cleanup to do, utilities were shut off and the basement flooded to about a foot deep just days after closing.

That is worse than cigarette smoke and not only does it smell but others were breathing it in and getting high without wanting too  - that really sucks.. 

which seems to be 10% Coc with 20 to 25% down.2. they are priced out of west coast marketsSo they decide they are going to launch out in search of filling their criteria bucket with 10% COC and were does that happen it does not happen on the West coast Generally speaking. and there are no turn key companies on the west coast. so there is a whole industry in the mid west and rust belt and deep south markets for locals to buy rehab and then sell rental properties to those on the coasts or high priced markets.. and they go in search of this CRITERIA of 10% or greater return.. and where the market is now this puts you in almost all markets in C/D class.. you can buy nice B and A in any of the markets but they are not going to meet the return criteria investors set for themselves. 

Over time repairs, evictions, capitol expenses and regular repairs will put you deep into debt, you will tire of the grind of dealing with tenant issues and without the reward incentive as you go along you will ultimately give up.

@Alexander Wardell Before you get involved with this property too deep, you need to read up on federal fair housing guidelines.

very common in the Deep south.. you even see it on TV.. 

If he hit it putting in a fence , the pipe isnt deep , hand digging will expose it , and 2 fernco's and a piece of pipe fixes it .