I sent in the same offer, with an additional contingency - I need to walk the property once more, to assess if a reinspection is needed.

I recently had damage caused by Hurricane Issac on one of my mobile homes and had Foremost Insurance come out to assess the damage and file a claim.I was very disappointed to find out I have "loop hole" clauses in my policy that have basically reduced my claim to nearly zero.For instance there is a clause;"damage must be caused by storm induced openings" I've had water leakage into several spots in my mobile home and the adjuster said he could not see any "storm induced openings" that caused the damage.Another one is:"not responsibe for wind blown rain" damageNow how many of you think hurricanes can cause "wind blown rain" damage.

In your neighboring state of PA, if you did that you would be paying the real estate transfer tax on imputed fair market value (actually done by multiplying the tax assessed value by the state's fudge factor for the county, but that is just the technical way they get the market value).

So, be aware of any taxes, insurance, utility fees, assessment or such.

Analyze past auction property assessment vs actual sale amount(on resale-able and/or rental prospects), then apply to this years candidates.

Your best bet would be to look up the assessing data at the assessors office, which should give a name and address.

I certainly feel that license fees and restrictions amount to a "tax" as well.Not sure how "healthcare taxes" are impacted by assets or earnings, but yes, in a way, but if we are going to count all taxes, fees, charges, compliance expenses required by government.....how about, Occupany certificates, sales taxes on materials for improvements which fall again under any gains, sewer assessments, utility deposits and inspection fees, engineering approval fees to building regs for improvements, all hidden taxes and fees hitting a property owner.

Payments are made over time and the time value of money should be assessed, if there are any rent increases over time, especially if unknown, that will be difficult to ascertain.

You do need to assess your risk tolerance, anticipated continuing income stream/job and if you have a spouse, have her on board...

And here's the real kicker: I've made an incredible number of friends who I've made along the way because of mutual interest in spotting, assessing and resolving these title problems.