To me, I can stomach a "cheap" deal all day long if the returns are where I want them to be.

Not only for the reasons stated but also because dealing with the aftermath of a fallen tree sounds way worse than the potential issue now.The only quote I've recieved so far is for $5500, which is a lot to stomach.

This situation had me sick to my stomach, I couldn’t sleep, I couldn’t eat, and I would wake up in the middle of the night in a panic.

If you can stomach that drop then invest in mutual funds.

My own stomach doesn't handle below B class properties, so take my advice with a grain of salt.

If you get in a bad deal, it's merely a scratch for most reputable lenders, but it is a blow to stomach for you.

How much time do you want to spend babysitting C class tenants and how much entitlement can you stomach from your A class. 

My wife and I just can't stomach paying for a bad flip that we'd have to redo at our own expense. 

Add to that the wild variability of occupancy rates and you really need to have margins and or deep pockets and a strong stomach.

So far, so good - as we're working on two right now - but the main risk is just making sure you have the stomach and the chops to navigate these projects and at the pace your jurisdiction demands.I think your best bet is to just inquire with the sellers.