However don’t forget to do the math.

So best to check your math and likely comps a few times to ensure it's worthwhile.  

@Jordan Archer I'm fairly new to being an investor only starting now to look for my 2nd building however to me I start to look at the rents do all the math and then allow for some errors that don't exist and check the rental market as well and the surrounding properties

And honestly, once you math out LCs, you can get a pretty good return.

Chris - not theoretical, it’s math.

I find that when I ACTUALLY have a building sitting in front of me (or a SFR in my case) it's much easier to do the math and figure out if I'm enticed or not.

I’d do the math on it.

If you do the math you will find out that this is far more favorable in the long run than selling the property with a lease to buy option) 

Main concern is that what I assumed to be slightly positive cash flow might actually be break-even to negative cash flow depending on maintenance.Numbers shared below:1) $210K purchase price, 2.9% property tax rate, $120/month insurance, 4.125% 30 year mortgage @ 25% down, $40/month HOA2) Comes out to $1,440/month in monthly payments which is what the lender quoted.3) Market rate based on recent comps is $1,700 to $1,800/month so let's assume $1,750/month for easy math.4) That leaves difference of +$310/month in cash flow but if I assume $100/month in maintenance/CapEx and assume 10% vacancy (so $170-$180/month vacancy costs) then it's essentially break-even.Am I missing anything, and if it's break-even should I get out of the deal?

Lien SearchDo a public records search by name for Liens, judgments, Lis Pend, etcMatch the liens found vs the defendants listed in the complaint if the liens are listed in the foreclosure case they will be “wiped” from the property title (HOA AND PROPERTY TAXES LIENS WILL SURVIVE THE FORECLOSURE PROCESS) Open the lien document and note the amount do the math and adjust your bid.Most Violations and open permits will also survive the FORECLOSURE AGIN DO THE MATH AND ADJUST YOUR BID.These are just a few things off the top of my head AGAIN there are outliers and other things to consider but I believe this will give you a good start to understanding the due diligence process.I hope this helps in anyway…..AGAIN this is just a quick overview it is just intended for reference only!