@Ophelia Kier I am curious, why not just get a license and not have to worry about stuff like this?

I’m sure you are acting with the utmost integrity but stuff happens...

Depending on the asset class i have a few. make sure they manage these types of assets. nothing like going to the small guys that do like 10 and 20 and 50 units who have no idea what they are doing on the larger stuff.

The Ada County sheriff that was there was adamant hat there would be a lot of trouble with some renegade landlord just went in at the 3-day mark and started moving stuff out.

My advice would be get a professional to look into this and leverage all the quotes because the seller is going to know even if you back out the next person is going to see the same stuff pop up on inspections and know if will continue to haunt them in the selling process.

They might not be comfortable with you collecting the rents but atleast seeing the day to day stuff and the budgeting so you see where the expenses are. 

Nico is good with working for investor typed clients because he knows his stuff and isn't afraid to get into the trenches if he needs to.

As you do more of this stuff, you'll find that depreciation is very powerful and is an excellent tool for limiting your tax liabilities over time.

Booming area and stuff priced at or below market are very competitive.  

I think these are way less scary than the pier and beam variety, but maybe that is just me.You then have to let the house settle for some period of time before you really set about your renovations, but you can still use the time to rip out old stuff, get your materials ordered, and gather bids from contractors - all things you'll need to do anyway.