The seller won't provide bank statements or tax returns and I am unsure to whether rent was actually collected since it was an inherited property.My offer was accepted with no earnest money so should I cancel the contract before wasting money on an inspection?

I'm wondering what the collective wisdom on bigger pockets is regarding this idea?

(usually attend 2 per month)Every once in awhile - I can pick up a nugget of knowledge - but my intention - is to network / collect business cards - from most of the people in the room.I treat these seminars like watering holes - we're all thirsty for something!!  

Since banks aren't in the business of giving money away, and loaning money to someone you can't collect from is like giving money away, you are out of luck.As said before though, there is the possibility of getting a loan from a private lender (an individual or syndicate that has ties here and in Russia), but I'd expect the terms to be onerous... low LTV, high interest rate, etc.

If you outline your idea tenant then I can give you some suggestions based on what I have found.IMO, if you are worried about tenant damage then you are not renting to collectible tenants.

Collecting books, programs or strategies, shelling out money isn't going to get you out there making money.We have all kinds of discussions on BP, I know Josh advises members to do their due diligence before getting into any business relationship with anyone, including all members.

If they know they have a chance to prove damages and they will attempt to collect something from someone on a contingency basis.

It's a collection of the best flipping info from the site.Oh - and don't forget to set up your Keyword Alerts!

If this "mentor" collects $200 from a 100 people, they made a nice little chunk of money.

I do my tenant screenings and rent collection through Cozy.co.