My boss brought up a story about a broker he knew being sued for things he did not advise his client on during the due diligence period.

Perform your due diligence as always. 

That would be far cheaper than not being able to perform and ending up in a lawsuit. 

Any advise would be greatly appreciated.Geno

In order to reduce unforeseen repair costs, do you recommend the investor perform cosmetic and light repairs on the property.? 

When I do modifications, I usually like to set up a tax escrow as part of it, but the additional servicing cost and the borrowers past performance in paying taxes without escrow has to be considered. 

These deals were strong performers and I felt like they were my base.I had quite a bit of money remaining so I put some away and put some towards a 108 unit deal in Houston. 

I made contact, (I thought) with the correct person handling their non-performing assets.  

In order to reduce unforeseen repair costs, do you recommend the investor perform cosmetic and light repairs on the property.? 

I training lease option assignments I ask unlicensed folks that aren't licensed to go knock on doors and say that if the agent with the listing agent doesn't perform to think of them, the Rei operator, that's itProcuring cause is an issue, so getting a release from the broker of the agent is important