Prepayment penalties- usually 1-5 year terms.

Your calculation’s close, but cash-on-cash return is usually about cash flow, not appreciation.

Thankfully we don't usually see it at any scale, most often it seems to have been "a" person acting off assumption vs facts and get's "corrected" after not much time. 

BPOs are typically exterior only and agents usually earn $30 - 50 to complete them, so use them as a reference but not the deciding factor.                                                                                                                                                                     

We usually rent there each year in February. 

Syndicators do this because most passive investors are not sophisticated enough to realize the "security" of the preferred return means they usually are giving up the potential for massive returns if the deal does well.This next comment would apply for all syndication.  

You take a deposit per usual and charge them for any damage beyond wear and tear.

If the contract shows the correct legal description but also shows seller is conveying 2.11 acres, and that has not been amended, I think you have a reasonable argument.

(owns a CRM company)Wholesaler in Akron - "What types of homes do you usually look for when you are looking off-market in Akron?"

If someone comes to me without a property, I usually hop on a Zoom call with them and walk through our property map.