I connected with a For Sale By Owner listing in a neighborhood that I really love, and was successful in walking through the talk track and securing a verbal commitment!!

And you know, that's the best advice to walk in to real estate with.

I don't go as far as Douglas Spence does with notion that no vacancy, no Capex or maintenance statements are a reason to walk from an investment, but you should be asking questions of how and why.  

I will be doing a walk through tomorrow afternoon.

For the first draw, the owner had to come by to walk the property.

I paid for an inspection up front and walked through with the inspector (I figured $500 was the price to play). 

The seller would like to walk away with 10k (which I would have to pay out of pocket on the side). 

The owner themselves are refusing to show these houses until an offer is made on them (contingent, of course, in being able to withdraw after a walk through). 

You will own a property that has these risks and 100 more:car falls on leg of customer and he is young and incapacitated and sues you tootenant pours poisonous degreaser into public plumbing an it leaks 200 feet to neighbor properties, they sue yourobbery happens and child is trapped in the bay and survives, the parents sue youteen comes in with their helper dog who bites clients, they sue youfireman falls through the roof in a fire (chemical fire) and is disabled because the roof wasn't to code...Although you are only the landlord you have duties to health and safety of the employees, clients who walk in, and the community.Look up: Ng to the Ghost Ship landlord in East Oakland

Brandon or David mention in an episode, that you don't necessarily say "fix this or the deal is off" but the implication when you mention an item in the inspection report is that if something is not made right, you could consider walking away from the deal.