How do I evaluate properties correctly before purchase?

[Brandon Gamblin]

I was told that there are crucial elements of investigating a property before even attempting to buy it. What is all the pertinent information I must know before I purchase any property? I know that I will need a title report on the property to show what judgements, liens or encumbarances are on it, but how do I get that kind of information without coming out of my pocket? Is there anyway around it? Do I necessarily need the title report? Or could i get the information elsewhere? I also know that I need to know how much is on the property as far as the amount of mortgage and equity is concerned. Is this all there is needed to know or is there more? And before I put the property under contract, whats the best way for me to inspect the property? All in all, my question is, what are the most important things I need to know before I buy a property?