The safe and clean inspections are intended as a mechinism for you to routinely (90 to 120 days) to inspect to ensure there are no issues with the tenant or with things you need to fix.

I was thinking about buying it at 100,000 so I went to look at it again, the people moved out and turns out they were hiding some things with there furniture, Im doing a FHA loan and the house would not have passes inspection there were quite a few repairs done by the home owner that were done pretty badly and were not up to code.

If you come seeking advice, you should be open to receiving it and really thinking through each suggestion.For example, you believe you can't sell your cars because you are underwater but let's look a little closer using purely made up numbers:o Assume $1000 in monthly car payments total for the next 24 months = $24,000 more to be paid.o Also assume that you are "underwater" on each car $5000 so if you sell both, you need to bring $10k to the table.o Replace with a single crappy car for $3ko Ignoring time value of money, you just "found" $24k-10k-3k=11k.

Also, does anyone know if the forms in the back of the book (inspection form, etc) are available online to print off, or will I have to photocopy the ones in the book, or create my own?

I know this may be a duh question but I want to make sure..lolWho should pay for the inspection of the property?

I'm definitely going to hire an attorney and get a home inspection done.

Collin County was only one of two counties in the state that had a county inspection program.

I would guess that the biggest piece of due diligence that is not inspected is payment history.Many will inspect the property.Many will inspect the leases.Some may even inspect the expenses.Few will verify proof of paid rents (on time).It's easy to verify what the inherited tenant has agreed to do.

One clause saying I have 3 days (or whatever you want) to check title, have an inspection, verify all of what you have told me, etc. is all I need and you need.

More of a contrast than a comparison butReal Estate=a BusinessStocks=an InvestmentI wouldn't recommend real estate to someone looking for an investment and stocks to someone looking to run a business.A closer comparison would be REITs to Stocks or Real Estate to Daytrading.Liquidity is a major difference.