Mortgage payoffs can frequently be higher than the amount of the original note - especially if the owner did not pay for a while.

Passive investors like those types of investments for both cash flow and appreciation at sale (forced value add is very frequently a large component of the plan).

For example, if an apartment complex is located in a college town and most tenants are college students, the building will most likely experience frequent tenant turnover.

If I were renting and had frequent rodent problems I'd be leaving when my lease ended, don't let these bad tenants drive away your good ones.  

@Angela DingIt is frequently included in the listing and expected to be signed and returned with the offer.  

Are there towns in those states that you've been to frequently or know? 

If the appraiser is diligent they can catch more, such as an addition with permits (happens frequently).  

@Ronald Rohde is frequently on this site and is Dallas area based.

I get asked frequently: "how nice do you have to furnish a monthly rental?"

Of course I am understanding of the circumstances, we're still in the middle of a pandemic so staffing at their office was frequently an issue, supply chain shortages and backlogs of necessary equipment, winter was upon us and the ground is frozen.