The systems are put in place to vet people who would not able to pay your rent and who would most likely cause damage to your property.

I've been doing it since 2015 (including Section 8), and I've yet to have any damage done that exceeded the security deposit.

In these instances, you'd have to check things like flooring, plumbing for leaks, roof for leaks, hot water heater, and heating and air conditioning units. 

It will typically last long enough that it goes out of style before it needs replacing from excess damage.  

You have no damages, though the previous owner at the time of demo may have had damages.3) Statute of limitation, if applicable, expires on nearly everything on civil matters at 3 years.

That’s perhaps a B area.Do you see 6 inch tall grass, moldy siding, and damaged roofs here and there?

Our SRPD has no section in it which specifically asks if the seller has knowledge there was past fire damage (unlike for mold) to the property, however, the buyer's inspection revealed burned wood that had been sprayed in the attic.

This is like asking in an air travel forum, how do you fly a plane?

Purchase price: $288,486 This was our single-family home while stationed in Oklahoma with the Air Force.

My strategy is just to slowly improve the property as I can, subdivide two of the apartments into studios for LTR or STR/Air BnBs, and either live with the improved cash flow or flip it once I get the property in better shape.