If you can spend more, you could use composite lumber or engineered lumber which can be more resistant

LVP flooring is not waterproof or even very water resistant just so you know.

This is because insurance proceeds are the path of least resistance in terms of collection (more on this below).

Although there is sometimes resistance, he rarely complains because he’s making so much money!

I’m sure that part of my resistance is due to the fear of making a bad deal as well.

The elections are going to be pivotal, but the lid is off things are going to star trading under Q2, if they are not already, shortly and you'll have resistance until  folks see Q3 earnings.

If they put up any sort of resistance, that could be a cue to start digging a little deeper and documenting a bit more thoroughly (hence the doorbell camera coverage tip I put first - installing the cameras right away and then having the new lease conversation with the tenants afterward is very easy to frame as "I'm just a new owner putting some TLC into the property and doing my due diligence on the leases/tenants"; talking to your residents first, finding out they have extra people living there who aren't on the lease, and then installing cameras around the property could set you up for a very adversarial relationship with your inherited tenants). 

Why buy the real estate equivalent of a penny stock when you can afford to buy blue chip aristocrat dividend stocks (Class A multifamily properties in good locations with actual strong fundamentals like population growth, a diverse and recession-resistant job market, limited supply and high demand, affordability, and consistent long-term appreciation)?

I have been fortunate to be in a city that has been resistant to the volatility of other markets.

So you don't have to figure out whether you can be objective and resist that human urge to want to help.