They can also point you to what permits and inspections you will need to get to CO (Certificate of Occupancy).  

I would probably start monthly or bi-weekly "safety inspections" to A) document any lack of evidence of risks/issues to the tenant's safety to be prepared to legally defend yourself in the future, and B) to monitor for new/worsening damage to the unit.

The inspection report came back, and it's pretty bad.

Should I proceed with a home inspection, or is this a situation you recommend to run? 

I recommend buying into section 8 rental that have already did the modifications or repairs and passed the city inspection.

We bought a property that passed inspection and thought we were on our way to a successful rental.

Inspecting the property can help identify any issues that might affect its value or the borrower’s repayment ability.During negotiations, be clear about loan amounts, interest rates, and repayment terms.

Lawyer, have the air and unit inspected and IMMEDIATELY offer to let the tenant out of the lease with no penalty.... if its unsafe, then you are welcome to let them out to insure their safety.Its BS.... 99% sure the doctor ploy is BS and none of the medical records will support his claim

@Tina Kapur—First and foremost, you can NOT deny a tenant because of a voucher—that's a big no-no here in Chicago...now, of course, you can deny the tenant for other reasons like credit score, income, etc.We usually do 2.5X income w/ a 600+ credit score in the nw side of the city.Section 8 has its pros and cons like anything else...the check shows up EVERY FIRST of the month like clockwork, but additional paperwork and CHA inspections are required.

This was a renovated home (by the seller, not me) that went through an inspection with some minor repairs before rented out  I'm -$300 to -$500 most months.