Like unknown potential issues?

My takeaways weren't unknown things.

There will always be unknowns with construction in general.

The property is owned by Bank of America and has a fixer upper home in the front with a mobile home in the back of the property that has been rented for an unknown amount of time.Both a survey and title search have revealed that the mobile home is on the property and has been detitled and joined with the property.Has anyone has run into this type of scenario before and have any tips or advice to give?

What: 1) 3 story, appx 2200 sqft apartment building built in late 1880's, all boarded up needing a major gut rehab (# of bed/bath are unknown) 2) lot right next to the above building (don't have the measure yet but it's small, appx. 0.2 acre or possible under )Purchase Prices, ARVs, and asking prices (provided by the potential partner): Potential partner got both of them as is off of a private auction at below prices: 1) building: auction purchase 700k; ARV of 1.3M; asking to sell at 900k 2) lot : auction purchase 300k; ARV of up to 1M; asking to sell at 300k Proposed Partnership: She is funding 90% of the deal through her private lender so she needs to put down $100k of her own cash and she is asking me to put down $50k with profit split of 25:75.

All of this was unknown to me as the tenant  didn't tell me anything.

You can't be sure who had access to that gun (beyond just the previous owner that left them behind) or if they were  used in a known or unknown crime. 

As you can imagine, I am a slow purchaser.... maybe one property every 2 years but I feel the risk is much lower and I don't feel as exposed to the unknown. 

Somebody wanting to sue for you backing out of a bad deal or accusing you of selling them a property with defects like unknown termite damage).

Too many unknowns to make the call for you but I certainly wouldn't dismiss her criminal history.