Since you’re buying as a investment property the bank will be happy and I dont think the current owner will care as he’s already mentally moved and just waiting for his check to clear.

I'm happily married with a 2 year old daughter and another kid on the way, my goal is to start building long term wealth for my family.

This is exactly what my daughter is working towards.

We exist in a “do” culture, often leapfrogging the thinking process.Overly “do-ing” cuts us off at the knees.WISDOM LEADS TO WEALTH.Soundness in judgment allows one to make fewer decisions of greater financial impact, and confidence in letting those decisions “ride”.Fewer decisions reduce time waste and mental scatter, and confidence provides peace of mind…collectively, allowing one to be in the moment for what matters most.True wealth achieved.

Can you do a screen for mental incapacity of the owner and making sure he has no one to contact that actually knows FMV?

This also costs you more in time and mental energy.

I heard about BP from my daughter, who used BP to recently buy her first deal.

Unfortunately the deal fell through before I really had a chance at it (intermediary waited too long to bring it to me, investor found another buyer), but this deal still felt like a good mental exercise so I wanted to share it with the BP community.

I have several masters degrees none in Real Estate  - they have provided me personal and mental growth, discipline and much more, all characteristics that have translated to my personal Real Estate success ... 

I don't understand the stock market mentality, and hate to see it being applied to real estate.