If like in my case I put up 40k in cash and the seller would not give it back because they would not close.. then yes I sued for performance.. too much money to just let them walk.. 20k later and almost 3 years of litigation that most people don't have the time or money for I won..

Purchase price: $165,000 Cash invested: $16,500 Sale price: $220,000 3 bedroom vacation rental property in a large complex with pool and short walk to beach.

The red flags (condition of the property) one should be looking out for on their first walk-through with realtor?

The attorney closes the deal and everybody walks with what they negotiated.  

For the most part, over time and through experience you will get to the point when you can walk into a home and estimate rehab costs pretty quickly.

You need to do a walk though of the property.

If you do an inspection and find up a chewed up molding, schedule a repair and she pays for it (not at the end during final walk out, but scheduled inspections).

Whats up BP, I'm in the process of having my contractor walk thru a property to provide me with a scope of work and quote.

I always look for ways to improve a house when I walk in.

The goal was two-fold: 1. find a good home with good schools near enough to the city center and hopefully walking distance to things to do. 2. find a home with an income suite (basement apartment, mother-in-law suite, etc.)