Some investors sort of specialize in finding missing owners using skip trace and other methods, and may be able to find them and purchase the property, which they will get rehabbed and solve the issue you're experiencing.

And I don't take either.I tend to skip over credit unless there are two applications with even numbers and then I go to that as the tie breaker.To me its:1) No Evictions2) No criminal3) Job history (the "just got a new job" applicant is a risk)4) Salary5) Rental history (constant jumper is a risk because they may be jumping and not getting hit with an eviction but they still may stiffing landlords on rent)6) Size of family to house size (6 people in 3 bedroom is a no)6) Then Credit

I suppose you can worry about the liabilities you discuss, but real life risks are more along the line of the contractor taking your money and skipping town.

In my state, my law license lets me skip being a salesperson and directly test for broker.

To be to the point;20% down is important in that it demonstrates an aptitude for long term strategy or planning.Even learning all the top strategies and etc if anyone skips over budgeting and other important lifestyle questions success will be very difficult.

oh, and if it were me I'd skip the granite and get a vanity combo that comes with "cultured" granite.

Many out-of-state investors went insane over the "deals" on those newer homes way out in the desert & skipped over the ones that were where people want to live.

#1 and #2 appear to be short sale opportunities, contact the homeowner (you may need to run a skip trace on them) and see if they are interested in that scenario rather thna losing the home to foreclosure.#3, Keep an eye on the home for any agent activity.

My employer has a 175,000 SF building where the tenant just skipped out overnight.

You can expect that when you have a number of contractors go over a project, that some will point out things that may have been skipped by other bidders; you then would have to consider whether to add those things to your scope of work or not.Before anybody can figure out how expensive the repairs will be, the list of repairs needed (i.e. a scope of work) first has to be defined.