You just get a lot of strong personalities like @Paul Sandhu but they keep it light and entertaining.

And while I understand that a home inspector might not be a state or town code inspector they may be able to shed some light on safety concerns.I did run into this a little bit last year when buying my primary residence. 

I’d tread lightly here

Can anyone shed some light on this?

Sometimes your risk reward changes substantially with the types of projects you can get into for one vs the other.As some other posters have alluded to, time constraints drive a lot - a light rehab/cosmetic buy and hold is possible for navigating while having a 'regular' job - and certainly managing rentals while working is possible as well.The last one, and I'm surprised no one has mentioned this - is market specific. 

@Adam Nishikawa Should be able to shed some light on this for you.

The four elements of CPTED are: natural surveillance and visibility; lighting; territorial reinforcement and space delineation, and natural access control.

They tell me it needs light rehab of about $15,000...when in reality in needs $30,000.

It appears to be a good cash flowing deal but comps are nonexistent because it's grandfathered into a single family area and as such I couldn't get any buyers to see "the light" without a solid ARV.

This loft area blocked light from dining room below.