This way, if you have a legal fight, you're fully covered by that state's law.

It's like putting your hand in the ocean, taking a picture of the fish you caught, and asking the internet if it's good.

The great thing about them is that if one unit becomes vacant, the other units can still help cover your mortgage.

I also understand you can charge them a certain amount as a penalty....1 month rent to cover the downtime for finding a new tenant. 

Having to purchase them without getting the complete picture of the potential issues or something else? 

The real issue I found relates to my insurance/umbrella policy, as there are certain breed restrictions they won't cover. 

I used to go medium oak on the theory that if it looks like the most common hardwood floor color, it will get less scrutiny than some picture of exotic hardwood. +1 on Ben Moore Navajo White!

Given these concerns, you might consider asking the seller to either repair the issues or offer a credit to cover estimated repair costs.

The question is, what is your bottom line and will the rents you can charge cover that?

This can include coordinating around tax strategies, estate planning, and cash flow management—all while considering your real estate portfolio as part of your larger financial picture.