I have also read about investor guidelines seeking COC returns of 10% or more. 

The FHA "self sufficiency" guidelines make many deals very challenging.

Obviously you are not the legal owner of these firearms and I would wash my hands with them completely.

When do you typically go in to inspect the property to be sure there’s no damage (legally)?

Electronic signatures are 100% legal in the state of Pennsylvania since 1999.READ HERE

In most states it gets flagged by something called Lis Pendens which is a legal document that the bank is sending to the borrower saying you haven't paid your mortgage and we are moving forward with the legal process to foreclose.

No good reason to leave tenants on an oral lease, but they are legally binding.

@Chris DeSisto I think you are confusing terms.....the “equi” in “equitable interest” has nothing to do with “equity”, as in the spread between debt and value....it’s a legal determination of “rights”, and would apply just as well to an upside down property.

If you aren’t familiar with what this is, it’s a written authorization to represent or act on another's behalf in private affairs, business, or some other legal matter.

I know some will scream that insurance will cover you, but not always...They can deny your claim and taking them to court over it may add to your problems if you lose and have legal expenses now to boot.