Talk with the syndicate/Reit and your tax person. 

Don't let them choose for you.Just inspect what you expect....Also I would talk to housing office in Memphis to get a feel of how many people are on the Section 8 waitlist, what kind of rents they pay, what zip codes are they targeting, see if they have any stats about how long tenants stay and average rent.While a lot of people try to look at google street view to get an idea of the neighborhood, there is no substitute for visiting in person.

We talk about this often on our Real Estate Notes Show.1) If they pay/reinstate2)  If they don't pay and it sells at auction (lose equity)3)  If they don't pay and we take it back.

@Anshuman Thakur I'm happy to provide any other resources or refer you to an IRA specialist to talk through things if you'd like! 

If you’re dealing with a tough property, let’s talk.

Lastly, if all this process seems like just too much and not for you, I suggest talking to @Chris Clothier that's who I'd personally go to if I wanted to make some market purchases off someone's word of it.

Talk briefly and honestly about the condition and your plans for the property.

At one point Elon and Vivek talked about a 75% reduction in staffing of the federal government. 

If it provides a nice return on investment and you plan to hold it for a long while, then it makes sense.I already talked to the city and its OK to do what I am describing. 

The BP function allowing you to check references and actually talk to real clients of those QIs is a great advantage.