Per the laws in my state, agents have to disclose any material defects in the property's condition or title once that has been revealed to them by a licensed inspector and/or title agency or other similar authority qualified to diagnose problems.  

A lot of experienced investors do not do home inspections so you won't get a lot of repeat business and because of time constraints you really don't get to go into the detail you want to diagnose the cause of problems but rather just acknowledging them. 

I was laid off in 2012 and diagnosed with cancer 3 months later while on unemployment (yes, I just celebrated my 5-yr survival!).  

In 2013, my MIL was diagnosed with cancer, so we decided to buy, again sitting in the UK, in FL.  

I am able to call him whenever something is leaking or not working and he can usually come out within an hour to diagnose and fix the issue.

I was diagnosed with a life changing disease two years ago that would have have put me into a major bind if I did this deal prior to that.

BUT, I'm tired, tired of being simply a student, with my upbringing I am ready to make a change.This past year my Father was diagnosed with cancer and has since beat the ailment.

After he gutted the place, his wife was diagnosed with cancer.

I don't want a dentist to diagnose my heart problems and I wouldn't necessarily want a property flipper to tell me how to setup a buy and hold business based on cash flow.Good luck.

It is NOT just an 8% property management fee either, it is familiarity with the market, being able to locate deals, being able to manage renovations, not getting ripped off on repair costs,being able to verify that everything is running as it should be & being able to quickly diagnose/fix when it isn't, not suffering from high turn over from poor tenant screening & management, not spending a fortune on airfare to fix issues, and generally not being 100% reliant on others who may or may not have your best interests at heart to make the investment work.On the other hand, if you study things this way and compare multiple markets, you will see that places that have inexpensive property and high initial cash flow do NOT have high appreciation.