I hark back to the dude I know of who has a 1000 doors, he still shows up personally for every inspection.

Confirm fireplace has been cared for as part of your quarterly inspection.

So the inspection is pushed back 10-25 days until those items get installed. 

The benefit of a permit and inspections is to have an independent party verify work. 

Sec 8 here also inspects the home each year, in addition to your PMs inspections (if you have one).

I was lucky enough to find a property just a few blocks from my TK purchase that was in excellent condition, fully tenanted with two units, passed the inspection with flying colors and is grossing close to the 2% rule.

For new builds, get a third party inspection.

Definitely make those assessments during inspection or prior to making an offer if you can to save yourself the time. 

It has sat empty for the last 20 years but the current owners have completely gutted it, have bids from contractors they're willing to share, cost estimates etc. and have had lots of inspections done and so much pre-work with the city and county to figure out what they can and can't do, so a solid plan is already in place.

And always set aside reserves for the unexpected.always look at location, schools and is there an area that is gentrifying where we could take advantage of better appreciation Inspections are paramount.