Should I be patient and wait?

A contractor went out and looked at the exterior and did not recommend any repairs from what he could see (he was assessing if he saw any safety issues or foundation concerns, or significant items such as windows, roof, etc.).

A contractor went out and looked at the exterior and did not recommend any repairs from what he could see (he was assessing if he saw any safety issues or foundation concerns, or significant items such as windows, roof, etc.).  

There is no safety net, if you do zero, you get paid zero (traditional way in the retail market). 

I have been watching the market but most that become available for sale need a lot of work to get them up to my safety standards. 

@Dan DiFilippo Although Fayetteville has the USG presence, COVID has made me wonder how much of a safety net that will really be if services are shut down or are experiencing limited/restricted capacity, putting civilians out of work even if the military personnel are stable and have the money to otherwise spend. 

I have a foundation engineer evaluate the property in the option period to determine how bad the problem actually is, if it violates safety/building code, and figure this cost in my calculations.

You may ask 2x of rent as security deposit as a safety net.

They want more safety, more depreciation, and yield tends to be further down on the list.

Your choice of renters is even more important though, just from a safety perspective.