This means that each property that is bought or sold comes with its own abstract of title which, like Bill stated, is a large 3-4 inch book (usually stored with the title companies).

If you have the ability to purchase and funds to get started they might spend time educating you as it leads to a business and a relationship going forward.If you have no money then really what you have is time to try and shadow and investor and do gopher type task items to learn from the ground up.

Any such assignment will release original Tenant/Buyer from all liability and substitute assignee in his/her place.12)MAINTENANCE AND REPAIRS:The Tenant/Buyer accepts the property "as is" on the date of execution of this Lease/Option except for items listed in paragraph (14).

@Jerry Gao not a great looking property from my numbers.I made some items up, but this place looks like a fairly low ROI.

And thats what some plumbers want.But the fact that you know what items to look for is going to give you a huge advantage.As far as creative financing, I'd be more than willing to answer any specific questions you might have.

Sure, I would allow him to store it there for additional rent.

Hubby and I live outside a small (2500) town in MO where we own and operate a coin store.

Some of those items you can't even make up!

In all properties it good to have a Reserve Plan of these items, expected life and how they will be paid for during your ownership.  

Besides if I screw up I will have to face them at the grocery store so I better do it right the first time.