This is a very common issue in parts of Milwaukee and I have done lots of basement reinforcing on our rentals.

That is the issue I am having now as my wife and I have great paying jobs and just cleared all our debt.

This is less of an issue here that what you all are describing.  

Many are also tired of homeless issues, politics, and now more than ever natural disasters. 

It provides an opportunity to see what's happening in the units.You still have the ability to evict for lease violations, but your less likely to face non-payment issues. 

However, I have heard and read of many horror stories of landlords working with incompetent property managers who provide no real value.In attempt to avoid this issue, I am doing my due diligence and asking investors for referrals of trustworthy property manager.

I will not know that until I climb under the house and into the attic etc... for inspectionThe area is close to things and is not in a indicated crime location and has a very nice open lot area on the corner with it but again assuming the tenants stay and lease I am looking at that as a smaller issue..Thanks for bringing up the concerns but I have tried to do my due diligence but do not really know is the analyzing aspect has missed something major.

If there are any legal issues that I have to worry about etc. 

There exists those of us that want a property in Costa Rica despite the issues we are discussing here.

However, your issue would be lack of equity.