But, no one has any "legal" ownership of it, and no one has the physical title in hand.

Foundations, major mechanicals, and sewers to name a few big ticket physical items to look for.

Are you implementing two leases because of the physical structure of the home?

You can also invest like $20 in a bookstand if you use physical books, makes it more hands free - perfect while eating meals.Lay the ground work.

If you didn't physically go view the property, then you are probably good with not having to worry about the prior listing agent.You'll want to get a good attorney involved to makes sure the deal is structured properly, since you don't have experience in this. 

It's either a pet or it is not.Service animals help with physical disabilities and are covered by Fair Housing and American Disabilities Act.

One property in our market that had this situation recently was one that was in a flood zone and the seller mis-calculated construction costs and FEMA regulations and was going to have to physically lift the house to meet FEMA standards.

Very few lenders want physical risk.

You can absolutely evaluate a market without physically being there.

While you may end up paying more physical dollars in the 30year loan, the 'true cost' is going to be almost identical.