I will give them a 5 min verbal description if they prove serious.

Then you will have the option to update square footage, lot size, home style, features, add pictures, give a description, etc.  

This includes, in this order:  (1) bios, pics and contact information for you (and your partners if you have any); (2) list of your professional team members; (3) detailed description of the kind of property you are looking for, including location, price range, unit%, cap rate, and any other details relevant to your investment thesis, such as good school districts, transport hubs, etc.; and (4) the preliminary due diligence materials you require to underwrite the deal

That will keep your overhead low so you can pocket more guaranteed rent.Ultimately, if you already found a property that fits this description, I think you should definitely, seriously look into it.

I have spent hours on the site looking for opportunities but am not sure exactly what the best property to look for is.When searching through the public records for a particular town, there is a column that says "type description" and lists things such as "discharge, mortgage, affidavit....etc.  

From the MLS description and pictures, both my realtor and myself thought its just cosmetics repairs (10-15K) and we were thinking to offer 130K to cap at 140K with a final price ~155K.

You can be very general with the description, the goal is to get calls from interested investors and also to weed out "looky loos".

I'd swung by the property that morning to see if it all looked similar, and tried to figure out the legal description, but was slightly guessing at that point.  2) impact of any adverse possession claims, I assumed the parking lot had been that way forever. 

Let me know if there is a better way for me to check this rate.There is no clear description of whether the property is currently rented.

I got the insurance info from Realtor in the description, rent estimates from rentometer which is apparently not very reliable info.