Make sure that you understand the terms of the loan, and that the loan documents are accurate.

I assume (a risk, I know) that the original poster is referring to conditions at a parcel of real estate and the improvements thereon, and the ownership of the subject real estate is held by a land trust, probably an Illinois land trust (which is a specific type of trust, not one limited to real estate in Illinois or which itself is located in Illinois), and the poster assumed that his ownership interest was sheltered, or his liability limited.Are those assumptions accurate?

Everyone is gambling, and I keep advising my clients to please not compete with that level of moronic. 

Syracuse is in desperate need of more investment agents who are familiar with running numbers and getting accurate financials, so I’m excited to run into you out there! 

I was able to take their feedback and make my listing more accurate. 

There are programs, but they will never be as accurate as full and complete MLS data that you can map.

Quote from @Ashley Gamble: We recently bought a property that we have found out within the first few weeks of owning it that is has VERY SERIOUS drainage and humidity issues and lots of previous water damage that the sellers did not disclose.

No different than gambling. 

There are so many lost opportunities relying on assumptions that aren't accurate and easily verified.

But alas, then the lender was no longer working at that company so I'm not sure what I was told was 100% accurate. ;-)