Hi everybody, I lucked upon this site while doing due diligence for a real estate finders fee program.

There is always a human factor and sometimes things don't go your way despite all the preparation and due diligence.

Due diligence is necessary.Appreciate your comment about how fast you expect to recoup the expense.

How do you do your "due diligence" on something like this?

When you buy the property it's crucial that you do your due diligence based on both sides being rented.

I started with a $50k down off-market 10 unit below market value, seasoned for 17 years with constant and diligent DIY management and repairs, then 1031'd into an off-market plex community below market value, improved and stabilized that Ben Franklin style for 2 years, then sold it on an interest only contract for a bit over a mil +10%. 

Some area's the rental income is as low as 0.6% - 0.8% of value and if you do the due diligence there is not enough in the rent to set aside for keeping you at the recommended minimum 50% expenditures.

You have to use due diligence to get it rented, at least according to our code.  

Together they might not be worth putting together with all the taxes owing + legal fees (or buyouts), but that's where due diligence comes in.

I am a new real estate investor and just trying to do my due diligence so I don't make a bad move.