The reason you must capture this information as soon, as quickly and as completely as possible is because the phone line can cut off, or the seller might waver temporarily at the beginning of the contact process and you want to make sure you can get in touch with them somehow if that happens.Although the property address might seem out of place in this part of the questionnaire, it's there so that you can do some preliminary due diligence research on the property.

I worked for a builder who had one particular subdivision that had a lender who required a lien waver on every sub-contractor. 

If I was ever asked to sign a lien waver before I did the job, I would know they were planning to screw me over.

You set your standard for each criteria and never waver.

Letting people pay rent late is one of the most common and damaging mistakes that newbies make, but wavering on your rental standards is common, too.  

Am I being too particular about wavering on this property because of the inherent risk?  

But, you don't have to take on their unrealistic expectations, unless you run a charity.One of the most successful RE investors I know, would figure out his highest offer price and stick to it, without wavering.

You should also have a waver that she signed allowing you to do this as part of the application process.  

From some further information that I've gathered, it sounds like some local traditional hard money lenders may be able to provide funds for this project.And yes, I agree with the need to be cautious with deals like this, the neighborhood is definitely not "up and coming" in the DC sense, but I'm hoping it will see some more revitalization activity in the future, similar to the Pen Lucy/Waverly area right now.

Some applicants are no brainers and others you end up wavering a bit.