Get some knee pads and safety goggles, of course, to protect against the infrequent errant piece of tile flying up.  

I only needed the 203K monies to cover required "health & safety" issues.

Moth balls are nauseating and hazardous which is going to cause you more complaints.

Lead pain was a known hazard over 50 years ago and in many areas it's common usage stopped well before 1978.

Umbrella Insurance is cheap compared to a series LLC, for the most safety have both.Plano/Allen/Frisco probably do not have too many of the 100 to 200K properties that make great returns as rentals.  

Flex duct was used in closed spaces, which is a hazard.

I currently have someone else working on a binder to see if  they'll cover it, but just wanted to see what others have dealt with in this topic.. the small research that I've done on cloth wiring has shown that it doesn't seem to be any real hazard or even necessary to replace unless if there are apparent issues with the wiring.

If it's true I can cash flow there WITH a property manager in place, and it's at least a B neighborhood in terms of safety and tenant quality, then I will run, not walk, to invest there (I won't live there most likely).

For a start, this usually means replacing a low toilet with one that is at chair height and adding safety grab bars to the bathroom/shower.

It's worked out great as I've done a few large apt deals and my experiences and earning potential is far greater than I ever thought was possible this early on.I say this because its natural to want the safety net from leaving one good paying job and wanting to jump back into someone else paying you for another job.