In order to make my job easier I let them handle the details then I just use the info they have and verify thats its fact by making calls and such.

The key is, we were honest that she could get more for the property (which I'm sure she already knew, but it verified we were also looking out for her), and made her think about the details of the work that she'd have to do if she was going to rehab it herself before she listed it.

You verify that the name of the "tenant" on the lease is the partner.3.

They told me they always pay their rent, just not their other bills, and I verified this to be true.

If it's a good deal as is, get pay oops to verify, then buy it.

She gave the contact info for the lawyer for us to verify.

All units were 6 months and now month to month.Here are the numbers I came up with have not yet recieved Schedule E or Rent Roll:Potential Income : 26,400 - (8% vacancy 2112) = 24288 (using current rents)Expenses: Tax 1309 (verified at asessor), Insurance 1819 (today's quote), Water 2880, Trash 1200, Lawn and Grounds 500, Repairs/Maintenance (assumed 10%) TOTAL: 9148NOI: 15140If I use VA the loan will cost me 1% for VA funding fee, and about 3K to close so I will assume 10 K to be safe.If he will take 220000 for it, loan will cost me 12,449/year leaving 2,691 in cash flow.CoC Yield: 2691/8000 =34% CAP Rate: 7%What else do I need to consider?

Might simply drop by, with a witness, and verify the doors are locked.

If someone comes to me, I'll send them your way.If you need help in your search or want to verify something don't hesitate to ask.A great is example is I have clients worldwide and things are just as easy as I e-mail them, talking on the phone.

The bigger issue is, make sure that you deposit all funds into your bank account so you can verify funds for whatever you do in the future.