Especially when you’re dealing direct with a seller, emotions should be taken into consideration, and can actually help you land a deal significantly cheaper than what another investor is proposing who is coldhearted.

Depending on how big your husbands w2 is, actually make more money since that tax savings will be so large.

You will likely need to look at many houses before actually closing on a deal.

( I was thinking a $200 to $300 would be market range which is 50% of what I was actually charged).Needless to say I'm pissed and blindsided.

Generally, when a debtor files for bankruptcy the automatic stay goes into effect, which is an injunction that enjoins pretty much every type of collection activity (look up that code section and read through the subsections).As a landlord, you even contacting the debtor-tenant with a bill or amount due or otherwise could easily be viewed as a violation of the automatic stay, which could expose you to liability (attorney fees, actual damages, punitive damages, emotional damages).

One side is fully kept up to date and the other is not (no one knows the inside condition)2.  

The mantra in our industry actually used to be 1 year and a day because that would create two separate year tax returns reporting the property. 

And check that previous landlords are actual landlords no some friend pretending to be, it happens.

Also, provide a timeline outlining key milestones and completion dates.

I made a mistake purchased an HOA foreclosure auction, now the bank schedule a date to foreclose the house.