The homeowner's insurance policy:  Insurance does not cover plumbing repairs attributed to general wear and tear.

With the other attributes I use a point system where they get points for having what I want and lose points for having problems.  

There are a ton of podcasts that have great ideas, but those stand out in my head. 

(B) No vendor shall hold a mortgage on property sold by a land installment contract in an amount greater than the balance due under the contract, except a mortgage that covers real property in addition to the property that is the subject of the contract where the vendor has made written disclosure to the vendee of the amount of that mortgage and the release price, if any, attributable to the property in question.No vendor shall place a mortgage on the property in an amount greater than the balance due on the contract without the consent of the vendee.

You don't want to over rehab for the area, but you do want to make it nice and to stand out from the rest. 

I go on craigslist everyday to see if there are any properties that make sense to buy.I really have no idea what its like to be on the side of someone trying to sell something through craigslist so I thought I would ask, what can I do to stand out from a typical buyer or how can I find a property that is a good deal that most people are skipping over?

I also do the pro-rata allocation like others for general items not attributed to one property.

Per @Zach Schwarzmiller's post, vacancy rates in Tacoma have been low and that seems to be another positive attribute.

As an accredited investor seeking to diversify my portfolio, Fundraise & Realty Mogul seem to stand out.

I'm thinking that applies here as well.The failure rate is likely not entirely attributable to those seeking success.