Not to dive too deep here but one thing to look out for is sometimes a property can be assessed at a low number for whatever reason (usually because it is distressed which lowers the value).

@Jay Hinrichs- In the closing docs, buried 25 pages deep in one of the five docs, there is a paragraph that mentions this. 

@Jason DiClementeI am getting my feet really wet now diving deep in a deep search for properties.

This is a really tight scenario with very little breathing room or room for error.

@Matt Leber Cost will be determined on how much line needs to be replaced, how deep it is located and how much roots you will find on your way.

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..