So, you may want to verify that the roof is indeed in decent shape.Most importantly, it appears that you're trying to sell a 3/1.5 in a neighborhood that mostly consists of 3/2 ranches.

I also plan to manage the property myself but have factored in PM costs.The other expense that the owner pays is the water/sewer bill which last year was 600 so the unit is still occupied by a tenant on a month to month I am having the owner fax over receipts of when rent was paid over the last two years to verify he was on time.

Assuming he has deals, a broker (or “investment specialistâ€) who focuses on verifiable cash-on-cash returns could be worth his weight in gold.I’ll add that the COCR acceptable to me might be much more or much less than what is acceptable to you.

The general stipulation given by the listing agents I have talked to is that since there is no HOA there will be no conventional financing and the buyer would have to come with some other verified source of funds.

for my CA license, the first school i went too wasn't good at all. the school linked below, their practice exam was like 99% identical to the state exam.. this was back in '04 fyi =)http://www.realestatelicense.com/

One way around the picture issue, have the owner tell the tenant you are with the insurance company and you need a couple of pictures to verify the property for insurance purposes...or some other story along those lines.As long as I've done all the necessary homework, I probably wouldn't be too skeptical just because the seller was a little weird.However, it may be difficult for you to wholesale it without you closing on it first and getting the seller out of the picture completely.

My view is trust, but verify... and I know I don't think all sellers are liars, but they conveniently forget important (to you at least) details that may show up when you ask for records.

You may also have to verify the employment info yourself, depending on which screening service you use.

I did an eviction check, and verified income.

On a related topic, what do other landlords do to verify the bills have been paid?