If you identify a problem, ask the seller if it was pre-existing or caused by the current tenant.

These are done between the buyer (you) and Seller.The situation that is most common to find these properties are in a foreclosure proceeding, or pre-foreclosure. 

I discovered this property through an acquaintance when it was nearing the end of pre-foreclosure.

@Anthony Becerra I believe you are looking for a pre-approval letter.

From experience, I’d recommend getting pre-approved, improving your debt-to-income ratio if needed, and researching local assistance programs.

I discovered this property through an acquaintance when it was nearing the end of pre-foreclosure.

The older the home the more difficult (and therefore expensive) it's likely to be to restore a home to pre-loss condition2.

Choosing pre-selected materials can simplify the process.- Managing Multiple Projects Simultaneously: Handling numerous properties at different renovation stages requires effective project tracking, milestone-based contractor payments, and solid contingency plans to navigate potential delays.- Technology & Automation: Utilizing project management software, such as Buildertrend or Monday.com, enables real-time tracking of budgets, schedules, and contractor communications.

(https://www.mynd.co)One of my co-workers at my last job (pre-covid times) used to work\invest with them, so I had probably registered on their site back then.

Then any rental income you could obtain from that property could be used as an income source for loan pre-qualification.