Requesting Advice: Purchasing an apartment in building that failed inspection

[Dar Baruchim]

Hi All,

This would be my first investment property. The unit, in North Miami, would be paid for all in cash since the building didn't pass the fire inspection (ie. proper exit signs, etc) and wont be approved for a mortgage (it has passed the structural inspection however). The property manager has told me they're working to fix all the issues. Additionally, i live in Chicago, so i won't see it before closing which is in 30 days. My questions are:

Can i find a copy of the fire inspection report using the address? 

How big of a concern is this, 1 = "nothing to worry about" and 10 = "run"? and why?

How would you mitigate the risk?

What other parameters do you use to assess the worthiness of a deal?

Thanks in Advance!!

DB