The building is currently owned by a reputable cannabis retailer, so the sale would be a sale/lease back.

I can only assume that our insurance company would not want to cover damages and such should something happen a house with tenants and a primary residence policy in place. but I haven't really gotten far into the weeds on the particulars of that. if you have gained any insight to that I would greatly appreciate the knowledge.

Honestly, not what you want to hear, but take photos of the damage, send them an itemized invoice and tell them what they owe you.

Plus a small cutting board and "hot plate" to avoid tenants damaging kitchen counters by chopping items or setting hot pots directly on them.Gail

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

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

An easier path to break into a new market might be investing in turnkey properties with a reputable team. 

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

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.

The area was designed as a retirement zone and it still has that reputation.