I'm brand new to real estate and reading up on the general transactions of property purchasing & selling, but it seems that there are non-physical pitfalls such as liens, titles, and possibly others. I only know that liens are generally taxes/debts that have not been paid on a property and the title is who owns the property, but I've heard titles can be more complicated than it sounds. Are there other potential non-rehab/non-tenant pitfalls that result in a deal costing more money than anticipated or even the collapse of the deal itself? I'm just trying to clear up my naivete.
The Noob - Tony
Thanks @Hai Loc , every day I learn a little bit more and more and being one of frugal mind, I would probably have waived the fee.