The only thing that can change this is if they state has a limit on damage liability which is very unusual.

Usually For Sale By Owner (FSBO) is used by smaller / less expensive (there are exceptions) properties for various reasons; they resent paying the full commission, they don't want to give a X month commitment to an agent, they think they are smarter then everyone else, their expectations are out of line and no agent would touch it, etc.For larger properties, it is unusual for it to be a FSBO since the seller wants the widest possible marketing distribution and they simply don't have access to the same marketing channels.

What other unusual documents should we look at.3.

It is high for that zip code but my units have unusually nice ammenities (especially for the money) I was thinking about trying it in light of all the recent eviction moratoriums but then we didn't have any move outs for a long time until end of Feb. 

Is it unusual to ask to speak with a current tenant living there?

That's unusual for someone your age.

Living there for a year to comply with the lender's requirement to occupy the property as an owner-occupant (typically for a full year with some rare, unusual exceptions) then...3.

It also has an unusually high concentration of 2-4 family multi-family options to make your dollar go a little further, if a duplex or fourplex is your cup of tea.

Everyone I've talked to thought it was extremely unusual for a broker to do. 

It's not at all unusual to find garbage places built the 1970s that have much worse and chronic problems than a place built with care in 1920.In buy-and-hold, your job is always to pick places that have investment longevity, that can be renovated, in areas that will most likely appreciate.