They will reveal things which give you something to work with.

A little searching on the BP forums here would reveal that I have posted about the lenders I have found that will put a HELOC on a rental property and they are:1.)

Went into the deal expecting turn-key and my inspection revealed cracks in the foundation basement walls.

When we called the bank to ask - the bank with the 1st lien position mortgage- they said they would not be able to reveal that info. 

I look forward to seeing how the inspectors and the walk through reveal. 

As my question likely reveals, I'm new at this so thank you in advance for your patience and advice.I'm trying to acquire and restore a distressed property in a historic neighborhood of Atlanta, Georgia. 

She actually did you a huge favor by revealing her true nature this early in the lease (which is great news).This is what I call a cheap lesson.

Though now I’m curious, what else did the credit report reveal?

Often times the move out inspection will reveal items that are considered negligence.  

I have also connected with a friend who took interest in my efforts and revealed that her and her husband have been quite successful in flipping, possibly securing future mentors.While I I'm willing to work nonstop through these first steps, I know these things take time.