Highest foreclosure spike in five years - although much of it is backwash from failed loan modifications. 1 Million homeowners in some stage of foreclosure and a whopping 7 Million now delinquent at least 30 days.

Even ones with newer systems always seem to "fail Title V."

But that would not encompass all of BofA's paper - only that from the failed institutions.

The BBB I would take that with a grain of salt since there are people that are unreasonable and complain about anything and also blame others for their own failure with his wholesaling system when in fact maybe the problem was them who just did not follow instructions or some other reasons that may have caused them to fail at making it work.As you see I will not crucify him totally or rather completely think his system is not any good, I leave room and give him the benefit of the doubt until he steps up to the plate takes this challenge and proves his system is worthy of purchase.

What I mean is if the carpets need cleaning, some touch up paint, appliances cleaned then be all means deduct it.Do Not fail to return the security deposit or forget to send the tenant notice as to why you are keeping any part of the security deposit.

The reason for not paying the monthly payment to the bank was he sold it under the table to someone that failed to pay but the property is still under his name.

Buyers can wire the assignment fee to this escrow payable at closing, refunded if deal goes sour due to sellers fault, but non-refundable if buyers fail to perform.

Even with all this, the first rough-in inspecrtion failed, and the inspector got real nit-picky after that.

Almost without fail every single property management company I've hired has had issues with at least one of the following:a) Creating repairs and invoices for ficticious repairs.b) Charging us for repairs done to another property.c) Not managing the tenants properly in terms of them paying the rent late. ie - US- What happened to Mays rent?

Please share why it is important to look at each area because I think sometimes new investors fail to see the importance of such things as location, condition, demographics, books and records, market saturation, supply & demand, cost of repairs, what to inspect, etc.