This podcast provides practical tips on what to look for when inspecting a property. The most important thing is to make sure that you don't skip this critical step altogether. A surprising number of investors make small trust deed investments without seeing the property, and then they wonder what happened if the investment gets into trouble. Seeing the property yourself cuts the risk of the investment dramatically. For this reason, we prefer to invest in Southern California when making small loans. Investing in other regions of the U.S. is fine if the loan amount is large enough to justify a trip to see the property and to understand the market. The top priority when seeing the property is to establish the real current market value. Do not rely on appraisals. It should be possible to establish your own opinion of value from looking at the property itself plus recently-sold properties near the subject property.