Steal equity from old ladies trying to create a win-win by offering pennies on the dollar while having some trash contract with a $10 deposit and you'll have to worry about lawsuits more.

Joe, I can tell you with certainty that he is not a crook.

Steal from the bedrooms and any other random space to create as much common area as possible.

The bottom line is your aren't going to get a steal or it would have sold at the foreclosure sale. 

And there are millions of people like me, who will be competing with you and stealing your business at every turn.

Perhaps you are renting out Army tanks or reinforcing everything with steal and corrugated metal. 

It is a steal  for the quality and condition.

There's no reason not to: Just give yourself enough of a due-diligence period to get the info you need, but get it signed up now.In my experience, property managers are far more likely to endlessly pester you for your PM business than try to steal your deal.

They are living in your property and effectively stealing from you if you let them stay without rent. 2.)

Buying real estate in a hot market has inherent risks of paying too much and that a correction in the future could steal your equity and force you to keep the property longer than you intended to.Stress test your model.