Also, IMO background checks are not very thorough--- the only way to really know someone's history is by checking the court websites.   

I appreciate the thorough response and I gained tons of knowledge from your response.

I would just make sure your SEC attorney is explaining it very thoroughly to you. 

They were thorough and easy to work with.

Only legal advice should be given by a licensed attorney familiar with the subject aspect of law; licensed in the state in question, and only after thoroughly researching case history.In GENERAL, transfer strategies done “after the fact” do not work, because they are considered “fraudulent transfers” .Here’s some free advice ; walk away from legal entanglements that (1) suck your time (2) you have no experience or ability to confidently predict the outcome (3) require significant investment in time and legal fees (4) have, at best, an unclear path to providing profit to yourself. 

I use a bigger pockets application form which I found pretty thorough. 

A huge disappointment on my part - I should have been more thorough, but again that’s why I hired a professional home inspector as I am not a professional with these matters.Have any other BP members dealt with on going water issues that were not disclosed during a sale?

-find an inspector who is thorough and trustworthy, and who is willing to answer many questions.

I get the feeling that some people don't even bother to read it thoroughly.

Remember to consider the potential challenges of being a landlord and ensure you have a solid plan for property management.It's worth mentioning that real estate investing involves risks and uncertainties, and it's crucial to conduct thorough due diligence, including property inspections and analysis, before making any investment decisions.