This allows me to make a full decision knowing the nature of the repairs, cost of repairs and have the ability to back out of my offer if there is a red flag or major foundation problem that increases my repair costs dramatically higher than I anticipated.

Current building code requirements and local amendments should be considered forrebuilding the fire-damaged portion of the residence.The Engineer shall have no liability to the Owners, or to others for the acts or omissions of theContractor or any other Persons performing work on the project, or failure of the Contractor tocarry out the work in accordance with this letter, except where specifically inspected andapproved by the engineer and discovery of defect is possible within the normal ability or standardof care for the industry.This report is based on a diligent visual inspection of the referenced areas.

Which leads to another question, what is your specific ability to finance a solution? 

By demonstrating my commitment to revitalizing the property and emphasizing my ability to close quickly, I secured favorable terms that aligned with my investment goals.

By emphasizing my ability to close quickly and outlining my plans to enhance the property’s value, I was able to secure the deal at favorable terms.

By presenting my vision for revitalizing the community and showcasing my ability to execute the project efficiently, I negotiated favorable terms that aligned with the long-term development goals for the area.

Unresolved code violations, such as unpermitted modifications, could impact your ability to refinance or could reduce the property's appraised value, affecting loan terms.

By interviewing in person you are showing you not only care but have the ability to come on site at any time and assess quality.Best of luck!

But the ability to diversify by asset type and geography is very attractive, and the true passive nature is something I’m looking for as i get older. 

Most investors will also take into consideration risk, time invested, control over the asset, the ability to do a cash-out refinance, and other factors.