Better to protect yourself than be penny wise and pound foolish. 

Keep on pounding friend.

Distressed can take on a lot of forms (stressed out owners, unwanted inheritance, damage, mismanagement, rents under market values, etc) but it's a word we use to describe access to properties for less than fair market value. 

I have found health insurance to be the 5000 pound gorilla in the room.

This is because the current landlord might say anything to get rid of them, so you are more likely to get accurate information from someone who doesn't have a vested interest in just getting rid of an unwanted tenant.Also, an unplanned visit to the current address might yield some valuable insight into how they treat the property.

I wouldn't say every area gets "pounded".

(i have new carpet in 3 bedrooms)Can you put NON smokers only in your house description, so that will eliminate unwanted tenants, or its a discrimination?

I can't tell if the pound exists or is to be built, regardless...I'd think that the pound area is a water retention area for the development.

All Phase I reports are lengthy, with all of the attachments, but it is not a good idea to value them by the pound.

That is penny wise and pound foolish.