Full disclosure means.. they are concerned about subsequent conveyances of beneficial interest (all or a portion) by the settlor, after the trust was recorded.

It’s hard to just pick 1 or 2 so I’ll just list a few.Improper economic vacancy assumptions Aggressive year 1 gross receipts projections (they immediately jump the income to new rents with no phase-in which is simply impossible)Underestimated expense assumptionsImproper use of cap rates and/or incorrect exit cap rate assumptions Failure to properly account for property tax reassessment post-sale (in states that do this)Basing exit prices on capitalized value of the income without accounting for the subsequent owner’s property tax reassessmentFailure to account for all of the costs incurred in putting together this type of deal and purchase real estate of this sizeFailure to raise enough money to pay the down payment, closing costs, finance costs, syndication costs, immediate capital improvements and still have enough money left over for capital reservesIncorrect calculations of income, cash flow, cash-on-cash return and IRR and/or a clear lack of understanding of those calculations and how to use themLack of waterfall calculationsIRRs and cash-on-cash returns that are inflated because they aren’t raising enough money—and once they realize that and raise more at the last minute the Projected returns would adjust lower but it’s too late now for the investors to evaluate the what the projections should be because they already subscribed This list is just off the top of my head—if I sat and thought about it long enough I could probably double the size of this list.

Maybe you let this one slide. 

I subsequently assign the property to a cash buyer and the property title eventually goes across to the buyer and I collect my assignment fee.

If the subsequent lienholder is aware that you are about to get the property, he may pay off your lien and wait until he can foreclose.When you foreclose, if you notify the mortgageholder (or anyone with an interest in the property) and they do not redeem the lien (pay the tax), you get Treasurer's deed free & clear.What I don't get is someone I know in AZ doesn't foreclose the mortgage so I assume he wants to assume the mortgage.Could also be the property is in bankruptcy.

I know every subsequent deal for us has been better than the previous deal. 

In addition to what others have said , make sure that each subsequent purchase is positive after accounting for the 75% of rent that the bank will recognize.By doing this, you are slowly strengthening the average.

By letting this man slide on his responsibilities they are not helping him lead a BETTER life, they are simply helping him lead an EASIER life.

If you can let a subsequent investor buyer in without a bank, the price seems almost irrelevant.  

A quarter of that cost would go to the custom sliding glass door that is necessary because the rough opening is HUGE!