Not sure if a big bank or lender underwriting hundreds of loans would dig deep into who they are paying off. 

Does that mean that you are relieved of accommodating that kind of tenant all together by law? 

Last week there were two probate properties that sold off market for a deep discount that we missed by a matter of a week or so! 

@Nathan G. thanks. last night we deep cleaned the apt and management stated they would be coming to day for a initial inspection and first spray, if they find anything bad they'll be back. 

The needs of real estate investors are very different from the needs of "normal" insurance clients who just live in a house they own, and drive a few cars.PLEASE, for your sake and the local market as a whole, only work with insurance professionals who can demonstrate a deep and thorough understanding of your needs as a real estate investor. 

How deep down the rabbit hole are we on this one?

As @Caleb Heimsoth pointed out, next day service during the hot Summer months is excellent timing in the deep South.

Google that term and you can read about how it can help you.I own a couple properties in flood zones, no a show stopper for me but proceed with caution. obviously house should be discounted when sold if in the flood zone but if you can get it at a deep discount with potential of removing it that could be a home run!!

Low income properties in questionable areas is more for local operators or investors with very deep pockets that are taking a few percent of net worth and rolling the dice with 5% of their investment portfolio.

We have been reading post after post for the past two years from (1) members who are fed up with the market (2) members who are having a hard time starting in a hot market and (3) members who have highly appreciated properties but don't have an alternative investment option if they were to sell or exchange.Deal flow is king in this market and you have to (1) put hundreds of deals through the funnel via marketing and networking or (2) you have to invest with someone who has it.I made a decision two years ago to do more of the latter...to start heavily vetting passive opportunities with experienced sponsors who have mature deal flow pipelines (i.e. deep broker relationships, industry leaders, full time staff dedicated to deal flow, consistent off-market properties)...while still casually vetting direct owned opportunities.