Putting contract without looking at it

[Mike F.]

I'm an out of state investor looking at an 11 unit complex. The numbers look good and from the few pictures the realtor gave look decent. My question is should I put a contract for the property and inspect it myself once we're in the inspection period? What if I don't like what I see once we're in the inspections phase? I known I can always put a blackout clause in the deal if I want to back out. But I want to know what you guys do!

[Russell Brazil]

When I'm selling properties if someone wants to put a contract on the property site unseen, I only do so with a significant EMD and I make the EMD nonrefundable.