@SUHAS Madappa Escrow normally issues Title Insurance and between the two should get to the bottom of liens etc so you get clear title.Research the Deed instrument being offered and get comfortable with that aspect.

If you look at real estate (Buy and Hold) as a long term investment like I do, then the business aspect is small, For the long run, it is better then cash or the stock market.

Demographics such as employment, average incomes, average home prices, rentals vs. owner occupied are all aspects that should be evaluated before you ever look at a property.

Other aspects I am told that raises it are being married, having a mortgage, and having a car payment.

These people are usually uninformed as to legal aspects of real estate and are unfamiliar with ownership rights, easements and other issues that may be in contradiction with an HOA rule, as they see it.I suggest you get an attorney, a real estate attorney first of all.

My advice would be to maintain your focus on one aspect of investing.

.- If the property was a foreclosure or seems to have been poorly maintained, I will use 22% for maintenance.These are not scientific at all.

I like the personal mentor aspect that allows someone to grow at their own pace while at the same time you are investing roughly the same amount of time into the teaching.

There is significant mold damage (and yes, the "bad" kind) in the basement and at least 1/2 of the first floor.My husband is a mold remediation professional, so I'm not concerned about that aspect of the job as far as cost to demo, remediate and get "clear" mold counts.The put back numbers will be high because most of the walls & ceilings have to come out, and some beautiful 1950s hardwood floors may be beyond drying/repair.

They've been there, done that, and will end up saving you substantial money in operational aspects and technical requirements.