If it needs too much rehab is isn't inhabitable, conventional lenders won't want to do it at all.Jon

The tenant will claim that you rented them a property that was not in habitable condition and you may find yourself being sued and paying back all the rent.

It seems like it doesnt matter what city you live in...the news available to that city's inhabitants is always going to be uplifting and attractive...otherwise the morale as a whole would go down and who would invest?

The property was last inhabited by people who were getting kicked out, and sometimes people in that situation will purposefully do damage to the property (or at least have disregard for upkeep);2.

Very Low-education/High Crime/Hood areas are very risky because of the systematic risk associated with the area, mainly the inhabitants of the area.About 20% of my portfolio is low income and they are more work than the 80% of my units in more livable neighborhoods.

It appears to be at least 75% inhabited, but that is about all the information I can gather at the time.

I'll check with some lenders - but based on my research on the internet - it seems everything is up to the appraiser to deem it as a accessory unit vs. an accessory dwelling vs. a second unit (i seems it might depend on whether there are separate utilities)FWIW: I checked with the town and the apt has a CO - can I assume that it is indeed a legally inhabitable and rentable apt?

So, three years of unrestricted mold growing can definitely make a home inhabitable (unfit for human habitation).

He left the house after the fire and moved in with family since the house is inhabitable.

Like @Eric Black said I would call around to insurance brokers in the area that specialize in habitational insurance.