Wow, what a thorough and insightful response Jim, thank you!

What are some things to be sure to ask in order to do due diligence thoroughly?

Biggest advice I would give is to thoroughly screen everyone.

@Wayne Lester thanks for asking and @Ashish Acharya thanks for answering so thoroughly!

Thanks for such a thorough explanation!

You will want to have a thorough breakdown of the transactions and as much supporting documentation available as possible.The sooner you get your assignee lined up the better since the clock is ticking.

As I mentioned to Bobby, this is due to the fact that we never defer maintenance and execute the following make-ready work between every tenant: replace carpet (where necessary), new coat of paint, patch holes, fix lights, thorough top-to-bottom deep clean, update landscaping, replace window coverings where needed, tighten or replace fixtures, handles, etc.

Romeoville is very thorough 

If you pay any more, you are likely to lose money.SummaryTake the time to thoroughly understand the property, the renovation required, and the resources you'll need before making an offer.

Other downsides to going this route: the process to get the unit approved can be long and tedious; the apartment has to pass section 8 inspection - they are thorough, and go by the book.