Hi Karen;The condition of houses vary greatly in Delavan. 

However, it's a deal in a different state and during the Facetime showing, I could tell the tenants were gross and makes me think they don't care about taking care of the place or their living conditions.

The underwriters will be looking at similar property condition requirements (c4 or higher) of a conventional loan (no deferred maintenance or safety hazards which would affect value).  

And What other conditions/terms/costs do you calculate when underwriting the potential of a deal?

Even a single family builds can vary significantly based on site conditions and required structure/design.

I was just on their website looking at the permit process:CityofSac-STR PermitLooks like 90 days max until you get a conditional use permit but still reading as it seems a little unclear:A short-term vacation rental may operate from a location that is not the operator's primary residence for a total of 90 days in a calendar year.

Can you get access to the property in advance to verify the condition? 

Are there additional conditions or taxes to consider when purchasing in these regions?

Beyond the bedrock issue, soil conditions can be costly if the property has problematic soils such as too much silt, deep topsoil, or extensive wetlands.You'll also want to know what ordinances are going to affect your budget - things like tap fees, tree ordinances, storm water retention policies, etc.Bottom line is that you have to investigate ordinances, off-site conditions, and on-site conditions before you can even begin to budget your development.

But here’s the thing—right now presents a unique opportunity to scoop up investment properties under really favorable conditions.