In doing so, it would allow me to gauge what to estimate in my offer.Tips and comments appreciated....PS...are there any clauses I can add to my contract to "CMA" such as making sure he pays his contractors so they do place a mechanics lien on property?

But I work full time as an airplane mechanic for a union shop with no mandatory overtime.

I do not fully understand the mechanics of land trusts.

@Aroldo Villarreal That question varies state to state but in Indiana you can file a Mechanics Lien, list publication of sale and obtain ownership through the BMV/DMV.

Ultimately we ended up passing on the deal due to issues with the mechanicals and utilities.

I'm currently a Junior Mechanical Engineering major at UT - Arlington.

For example, if I agree to purchase and during escrow a second lien, mechanic lean, etc... show up I can back out of the deal if it does not make sense then right?

Once you start addressing mechanical and structural issues (which is what I do when I purchase a new rental), the costs easily escalate to $20-$30k and more.  

Hey Mitch,At your level of 8 units typical fees for property management run 8 to 10 percent of collected gross rents.If you can buy 50 units or more typically you can get a 5% management fee for volume.188 miles away is not going to work to run yourself.A key when buying is what is the condition of the complex as far as structure and mechanicals??

Not expected in my market and just another mechanical item to fail.