While we should be very diligent in our due diligence, there can be many hidden surprises creating fluctuating repair costs and changing the useful life of assets. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

A lot of the investors that I work with are surprised that we have solved for the challenges that the others have brought up.  

I come off as a regular person just hey I'm here but I will tell you the two times it happened to me it was a surprise.

You may want to consider targeting 3-6 months of reserves to cover all your expenses, so you can survive surprises.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Wouldn't surprise me if the property is only worth the 70% the seller is taking home on day one and the 30% second becomes found money someday.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

No extra excavation, or utilities or any other surprises.

Your lease is likely have your name on it anyways.If they are going to sue you and you go to court, I can just imagine seeing the "victim tenant" telling the judge how you misrepresented yourself to them.You will be surprised when tenants find out you are the owner.