I usually just get the legal description and call building regulations or who ever provides the permits, they can look it up and see if it's buildable, has restrictions, needs to be zonned or other restrictions.

So, If property X produces income Y and "needs nothing" and you offer XXX dollars and they say "yes," how do you protect yourself if DUE DILIGENCE and INSPECTION shows the actual numbers/value/physical property differ from the description?

I am still a huge fan of the "hover description", where you put your pointer over the title of the post and the first 3 or 4 lines pop up to give you a preview of the post without opening it.

@Joe SplitrockI love that, your description/explanation nails it exactly how I see the relationship too.

You can read the descriptions to determine if they might lean to one side politically. 

On the last page under the description in blue there is a discuss in forums.

Does anyone know the legalities around this description, or can connect me with someone knowledgeable on this topic? 

Per your description, a property with 10% GRM means its purchase purchase price is 10% (one-tenth) of its gross annual rent.

That description pretty much sums up the situation we inherited with our family's real estate portfolio.

I find that NO ONE reads the description.