However, it's important to note that this approach does not necessarily mean that the investor should skip the inspection process.In fact, it's generally recommended that investors conduct a thorough inspection of the property before taking ownership, even in a Subject To deal.

Due to the heightened scrutiny that is to be expected, real estate investors that receive a cost segregation study should ensure that it is performed by a licensed engineer at an experienced firm that provides thorough documentation, detailed reports and is willing and able to provide a high level of audit defense if needed.When shopping around for a cost segregation company, ensure that they utilize both an itemized cost estimate approach as well as a detailed engineering approach that is based on actual cost records.

If your tenant wants to have a 100 lb highly aggressive, non-trained dog, and your property is right next to a playground, that's a huge liability...if your tenant simply wants a goldfish in a small fishbowl, that's probably minimal liability...I've had plenty of tenants with pets, but I screened those tenants and the pets thoroughly, and so far, I haven't had any major pet-related disasters (knock on wood).If you do allow pets, your lease needs to have a clear pet policy that states that you are not responsible for the pet, that you're not liable for anything that the pet does, and that the tenant takes full responsibility for the pet and will pay for any and all damages caused by the pet.Good luck ou there!

Thorough due diligence is imperative when buying distressed debt, so get good at it or partner with someone who knows it inside/out. 

Do your research - Before purchasing a property, make sure you conduct thorough research on the location, the property's condition, and the potential cost of repairs.

All the ones I’ve used has been really thorough in their reports but I usually found them through someone who has used them in the past 

Thanks for the thorough feedback James.I'm hearing from you that this property is very overpriced for this neighborhood, and the amount of leverage I'm proposing to have on this property would find me quickly underwater on my mortgage when the housing prices finally rebalance.Is that what you were meaning to say by your post? 

Get in immediately and do a thorough inspection.

The good news is your experience as a wholesaler means you know the market and have skills to analyze and vett properties thoroughly.

Here are some common mistakes made when investing in real estate:Not researching the market: Not researching the real estate market and local economic conditions before investing can lead to poor investment decisions.Overpaying for a property: Overpaying for a property can negatively impact the potential for rental income or appreciation and lead to a loss.Underestimating expenses: Failing to budget accurately for property management, maintenance, and repairs can quickly eat into any profits.Ignoring Location: Location is a crucial factor in real estate investment, and properties in undesirable locations are unlikely to appreciate or generate high rental income.Not thoroughly evaluating properties: Not thoroughly evaluating properties before purchasing, such as neglecting to have a property inspection or ignoring structural or repair issues, can lead to costly surprises down the road.Neglecting to diversify: Relying too heavily on a single property or market can be risky and lead to significant losses if that market experiences a downturn.Not considering tax implications: Failing to consider the tax implications of real estate investment, such as depreciation and property tax deductions, can result in missed opportunities for savings.Not having a clear exit strategy: Not having a clear exit strategy for when you want to sell the property or dispose of your investment can lead to missed opportunities for profit.It's essential to be aware of these common mistakes and consider all factors before making any real estate investment decisions.