I feel the need to remind everyone, that when investing via crowdfunding sites, you need to focus on the "Franchise Tax" (it has other names in different states) of the state where the property is physically located, not where you live. 

For rehab cost, have a physical inspection contingency in your agreement and pay for a building inspection that would give you a rough idea.

I don't physically pay myself, but I factor in paying myself for all of my deals..

Hello group members,Would anyone like to share their experience on how to spot signs of physical distress and estimate damage?

Rob K. the judgement was written so that no money judgement was entered "at this time" and also acknowledged the amount of rent owed at the time (which they signed a statement acknowledging) and that the defendant may be liable for money damages after moving if additional rent is owed or there was damage to the property.

Your insurance company is on the hook to rebuild/repair the property to current code if there's damage.

Do you have the original unit condition description of any damages to all the units from the former landlord-- ?.

What does your lease say about you paying for repairing damage caused by tenant?

But in November my parents lost their home through "Deed in Lieu" after a freak flood created immense damages.

If your contract just states the earnest money being returned is the only remedy and considered liquidated damages in full then you have a weak chance of recovering anything else.No legal advice.