Research comparable properties in the area to gauge pricing, rental rates, vacancy rates, and demand.Property Insurance: Obtain quotes for property insurance to understand the potential costs and coverage options.Survey: Consider getting a property survey to confirm boundaries, easements, and encroachments.Due Diligence Contingencies: Include due diligence contingencies in your purchase agreement to allow time for inspections, assessments, and resolution of any issues uncovered during the process.Risk Assessment: Identify and assess potential risks associated with the property, such as market volatility, tenant turnover, maintenance costs, or regulatory changes.Exit Strategy: Develop a contingency plan or exit strategy in case the investment doesn't meet your expectations or unforeseen circumstances arise.By thoroughly conducting due diligence, you can minimize risks and make an informed decision about purchasing the property.

Currently occupied by tenants as well so need to minimize disruption.

They'll get hit with a major expense, costly turnover, or something that interrupts their income stream. 

Networked with an old colleague and helped minimize tenant issues.

I confirm prior to booking their pet is house trained and is a minimal barker.

I still think this plan is too risky, but at least it minimizes the risk some.

As @Stuart Udis said Point Breeze will being you the best tenants but it's an established market already so the appreciation is going to be minimal.

I'm am in same boat as Michael.I use the built in tools to do everything I need with minimal effort to run the business. 

Despite being aware of the initial no-repair status, I opted for a home inspection, which yielded pleasantly surprising results with minimal concerns, primarily cosmetic.

From deductions for mortgage interest to depreciation benefits, there are numerous ways to minimize your tax liability and maximize your returns.