If someone commits fraud, you can go after them in court, but these days, unless you can supply proof that they intentionally deceived you, it's unlikely you're going to win.

When you look at this from the supply side, this obviously does not bode well for the area.

Until inventory comes back on the market there will continue to be tremendous upward pressure on prices as demand outstrips supply.

Not sure I want to go LPA supply due to fact that there may be non-US investment, unless there is a benefit?

This strategy satisfies a GREAT demand while being in limited supply (and when you have an in-demand product in limited supply, you get to dictate the price)3.

The other hard money lender could supply 100% of the transaction, while asking for zero fees upfront, but the loan has to be paid back in less than two years.Similar scenarios could be given for conventional lenders.

If there is a short supply of rentals available in the neighborhood of the property, get it.

The idea that an individual investor can just step in and by a single property and get some smoking deal on it.. is really not reality in a major metro area with experience and well funded competition.

My guess is rarely which could be an advantage if the demand is higher than the supply, but  a local realtor would be able to give you a sense of the market. 

My unit shows no sign of fire, smoke or water damage.Even though I don't own any of the fire damaged units, do I have any property rights since I have a unit that is directly attached to them?