About a year ago there was a murder of a lone female convenience store clerk.

There was no requirement for the owner to do anything as far as the results from the inspection.It would be like buying a brown paper bag mystery grab-bag to buy property without inspecting it.  

This has happened to me - in fact one of my tenants was murdered in his apartment!  

I keep forgetting to update this post - the mystery smells was......the stove!

Always keep at least 1-3 parties on the line in case something wild comes up (seriously, like a murderer from 1996 I had once).

All great insights already here Winn, but if you are able to oversee the painting, there are some ways to help with this often unavoidable turn over expense....For example, this time insist on some high end paint (think specialty paint store or the very best big box stuff); try a pearl or washable finish; I like one color for all the interior of all my units, ideally a white that can hide some imperfections (know and keep the code); this means no color or matching mystery later; then on the next turn over, see if you can't get away with just a wall cleaning; use a damp sponge mop with tsp or a tsp substitute  (and then rinse it with a clean water and a damp sponge mop)..not too much water, just damp.. 

So, many landlords/owners get away with murder.  

There was recently shooting and murder (always nice to hear). 

In your market, all other investors will secretly hate you (or maybe not a secret), and be out to murder you.

The cash flow in and out on these properties is a bit of a mystery to me so it's hard to determine if or how much I should leverage and if my other rentals would have to float all or some of the expenses until I get a big payday with a harvest.