One investor might pass on a property that another investor may realize is a good deal because of their skill set.

However, to avoid such situations I would have a two-level approach.First: Before accepting tenants, I would interview them with probing questions like "how long were you renting in your previous place" or something like "Where do you work".

How well versed are you on the cost of renovating a property to the highest investment level (so I don't have to see it before making an offer)?

There are very skilled wholesalers who market their mentoring abilities nationally and I also don't know how important current knowledge of the mentee's market is.What might I be overlooking, and how important is local market knowledge or having the mentor have a financial state in each deal in order to sustain their attention and availability?

TO get to the current value use "comps" of properties in good condition, or similar condition to the level that you intend to renovate to.

Then do a rent level rehab.

No matter your level of trust, you have to rely on the wisdom and decision making of others, which you can find to be frustrating at times.

We are looking to buy again soon and although we will likely do VA this time around, I will definitely hone my FHA skills again before making the final financing decision.

To my knowledge there has never been a "cram down" reduction of principal amounts owed in any ED process, only through bankruptcy at the federal level.

basic economics (at individual/corporate/govt levels)If expenses > income, the end result is?