Of course, many investors bend/break this rule, but that's another risk.2) If your bid wins the foreclosure auction, you then have to deal with getting rid of any occupants - who may steal/damage everything they can in retaliation:(3) You MUST have a great crew on the ground that can minimize surprises - not easy to do on your first deal.Regardless if you buy a foreclosure or other property, read our copy & paste advice below:-----------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

There are sophisticated syndication investors contributing on BP, who have set up professional standards of due diligence and investment criteria.  

It would hold up to water or condensation from cups.

Firstly I can mold the team to operate to my standards vs. the way the PM wants.

I know when i travel to hotels ( which is almost every month) I check for coffee pods and will choose hotel that has them  then i bring my own pods LOL  unless its a real high end hotel and they have the ultra coffee makers  do your cleaners know how to clean the water repository on a Keurig?

If the mold is caused by a leaking pipe or water getting in from outside, then you should hire a contractor to stop that intrusion immediately, then dry out the home and remediate the mold at your expense.I also recommend reading and sharing the EPA Mold Guide.

Pierce that corporate veil like a water balloon.I have a few buildings and each with 4 or less and hence residential investment loan. i agree and have come to the conclusion to increase the liability insurance by 500k. 2nd- buy an umbrella insurance from the same/different carrier. 

A standard-size washer/dryer will do the trick.

Waived Fees: For vacant lots that previously had homes, water meter and sewer tap impact fees are waived.

Leave credit cards at home in the freezer in a bag filled with water that has frozen over....lolAmazes me how many people fall for these types of programs.When I buy NNN properties either my buyers wanting to own direct and I find the property or whether they are accredited LP investor on my syndication deals they learn with me while they INVEST CAPITAL to own fully themselves or a piece of the deal.