It's a coin toss.I'm sure that I would have to speak with a real estate attorney regardless.However, I would like to know if anyone has acquired property using this method and what your experiences were/ are in these types of deals...I'd love to know how to grab these before they rot away and fall down.Thank you so much for your feedback BP as always!

The area south of there is better than the area North of Cork Bend Dr. I

I would think that mold would be excluded, as it wouldn't be a "sudden" event, and it would be your responsibility to dry up/remediate any water issues.  

@Russell Ponce , what you described in DRY CLOSING - not double closing.

One view of the blood-red dining room.Fence that needs total replacement (all the posts are rotted).Another view of the blood-red kitchen.

But rent, don't buy.I had a dog urine infested rehab and ended up covering the concrete slab in pine-sol, Clorox , Ajax, and vinegar then letting it dry before washing it up.

Each unit also has partially finished basement (dry wall is up, needs paint, etc.), offering a huge amount of storage space. 

You could view it as a dry run so that you gain experience doing the research, working the numbers, estimating rehab costs, etc.  

Foreclosures are down some, but some areas are actually not anywhere near dried up yet.

Roof leaks, mold, bad plumbing, wood rot, termites, pests, and so many other potential issues.