Like Chris, very sorry to hear about your condition. 

NSPIRE will be used for all HUD funded housing programs.With NSPIRE, inspectors for HUD-assisted and HUD-insured housing will be able to conduct objective, defensible, and consistent assessments to evaluate housing conditions.

When I came across this property, I approached the seller directly and negotiated a fair price based on the property's condition and potential.

I check on real estate taxes, local taxes, insurance cost, etc.You also want to do your due diligence to verify property conditions, easements, neighborhood, and other details about the properties. 

Sell After RenovatingRenovate and sell the property before you leave to potentially make a lump sum profit, especially if market conditions are likely to improve.5.

The plaster shows mildew, and because it holds so much moisture, he has recommended taking down the damp plaster before the weight of it collapses.  

Also, I think the various DST asset types and regions, has required that I learn about and pay more attention to micro/macro-economic conditions and regional RE Investment variables that I did not focus on, in the past.

Most off market purchases cannot easily be comped with mls properties that comparatively have no risk and are in much better condition).so …Pay for a fixed fee mls listing with the property already under contract.  

I’ll double-check with the lender to make sure there aren’t any unexpected conditions tied to it.

:) Its generally a good idea to know the condition of a property or level of expected repairs so you can anticipate those repairs and build them into your bid for the property.