Another reason why it's so important to do a thorough inspection during the continegency period of the transaction. 

Some of them don't do a thorough screening of the tenants and you will have a high turn-over rate.

I am also new to investing but on reading lot of threads it is always prudent to budget for some big ticket items within first 2-3 years while reserves are still being built.A very thorough home inspection should reveal if any thing may be anticipated

The seller should insist that the buyer complete a detailed loan application form, and thoroughly verify all information the buyer provides there.

The decision to accept negative cash flow depends on several key factors:It's crucial to conduct thorough research on the local real estate market.

I did the sub-to as thoroughly as I knew how. 

@John Lyszczyk thanks for such thorough insight from an industry insider.

I am looking to take a deeper dive to reach a more thorough understanding.

.- I've performed all my Due diligence thoroughly, those Permit Fees are exactly what the City / Municipal Code are requiring. - This was one of my job duties when I was working with Hayer Architecture in Del mar, CA.

Oh the damage a tenant can do in a year....If you know how to market, show, screen thoroughly, have a good legal lease (prepared by an attorney) and are completely familiar with the landlord tenant code where the home is then go for it.