Things like roof and gutters, heating systems, and insulation should all be in good condition. 

You need to have had me aware and agree to these terms and conditions.

If I evaluate a property I look at many things like the community, class level, condition and several other things.

If I can get a solid feel of the surrounding through the internet, the broker sends me a video of the interior, and trained professional send me a property condition report, what value do I bring being at the property that I can't do remotely.Now I'm not saying you shouldn't go look at your real estate or travel if you are going to buy a building.

I am currently looking for renters, its only been one month so I am not worried and the property is in good condition.

However, you will buy a specific property, in a specific location, subject to specific conditions.

You can incorporate language into the sales agreement that allows you to form an LLC and take title in that LLC as a closing condition.

Leading up to the deed in lieu, we performed our own site visits and the conditions we observed do not align with the information in the inspection reports.

As long as you don't lie on any mortgage forms leading up to and through closing on the home about the current condition of your finances, then you're fine.

Property type/condition probably matter a lot.