@Gabrielle E.

If I could get a ACTUAL (assuming those are real operating statements) in most of OR, I'd be happy.Of course, I'd want to look thru the I&E since self-management tends to hide things.Next question - CapEx? 

You would need to enlist the help of several resources to do DD - online and local.Local: attorneys, real estate agentsOnline: Real estate websites like zillow and redfin, county tax websites, PACER for bankruptcy information, ProtitleUSA for title and lien information (O&E report)The point is you want to spend as little money as possible on DD trying to figure out your bid, and then spend some money once you honed in on that asset before you actually purchase it.

They do much of the support via e-mail and don't have a real system where you can talk to someone.  

I loved The E-Myth, although it is more about entrepreneurship than real estate investing or wealth building. 

Such plans are offered by Fidelity, E*Trade, Schwab, etc.You can have a truly self-directed Solo 401(k) capable of investing in anything the IRS rules allow for, including real estate. 

If you rent it out and presumably will report that activity on Schedule E then it won't be subject to the $10,000 limit for state taxes.

If you all have text messages and/or e-mails complaining about the urine smell...especially ones that were shortly after you all moved in...that would be pretty good proof it was pre-existing.A lot of people assume that tenants are entitled to a walk through but, legally, they usually aren't. 

@Benjamin E Salas Sounds good to me!

Although Trump has never filed for personal bankruptcy, hotels and casino businesses of his have declared bankruptcy six times between 1991 and 2009 due to its inability to meet required payments and to re-negotiate debt with banks, owners of stock and bonds and various small businesses (unsecured creditors)."