I would recommend putting contingencies in your purchase contract that protect you such as "subject to property be free of all liens/encumbrances/etc." meaning that clear title can be passed.Using a good house inspector will also help you avoid problems that you would otherwise not see when you go through the house yourself.Getting education and having a mentor will greatly reduce your risk as well since they will be able to let you know what mistakes they had made!

One way or another you've got to get 'educated'.Me, I buy boucoup books.

Be proud of yourself for staying on top of your credit, educating yourself about it and being responsible with your credit going forward.

Illegal units can turn into leverage against you if you are running a shady operation.

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Hello all, this is how i spend my days(Phase 1 get my mind right)- Pray- Meditate - Exercise & go Jogging - Take a warm shower (while listening to relaxing music)- Eat a good breakfast(Phase 2 take care of business)- Check and respond to both my email and voicemail messages- Check to-do list, and complete any items due that day- Scan through that days top real estate news articles- Do a little networking through various real estate groups & forums (mainly for: education, finding deals, and building my connections) - Do at least one thing that day that normally makes me feel uneasy (I work on conquering my fears by doing them) (Phase 3 relax)- after all this, I put anything new on my to-do list to complete for the next day, then I either read a book, hang out with friends, watch a movie, or play video games.

The morale of the story for all others reading is "know your state laws and make an educated decision that makes business sense to you."

I think this gives them good guidelines on what other professionals will be looking for including background, education, professional affiliations, and testimonials.

I learned this from several great people - As long as you're well educated on large and small properties, don't worry too much on the size.

Jump on the wholesaling forums and you'll get all the education you need . . . if something is missing, just ask!