So, if you do move forward with probate mailings in Albuquerque you do so blind in a way.

When I'm doing a nicer rehab, I'll spend about 50% more on kitchen, bath and flooring.Roof, gutters, downspouts: $6kRedo bath: $3k (each)Redo kitchen: $2500 (laminate countertop, replace cabinet pulls, paint cabinets, new faucet/sinkFlooring: $3/sfSiding: $3kInterior Paint: $2kExterior paint: $2kFans, electrical outlets, switches and lights: $950Windows: $400 eachAppliances: $2kHVAC: $3kwater heater: $800Mini blinds: $300Misc: 15% of budgeted rehabSoft costs: (cost of utilities, taxes, insurance, finance fees if any of the money is borrowed) plan on 3 months more than you expect to hold the propertyDon't forget the cost of selling, which will cost you around 10% of the sale price.People don’t want to do any repairs, and they want the house to be nice, clean, move-in ready and not old looking on the inside.

The common advice seems to be, work at a fix before buying.Bring it to the seller in a tactful/reasonable way and just let them know that it’s a concern and I want to have it further evaluated prior to closing.I am hoping that they do not have a problem with it.Someone suggested threatening to walk and/or notifying bank of our suspicion and the fact that they will not let us inspect.I am trying to avoid any kind of antagonizing approach in the hopes that this can be resolved/mitigated without too much issue.I do like the property and not wanting to walk away, just want to figure out a way to resolve before I take ownership.For now, my summary action plan is to move forward with tactfully notifying the seller of my concern and desire to inspect, complete an inspection, mitigate or come up with a plan to mitigate and then also empower tenants to work with management at addressing mold by reporting any leaks in a timely manner to allow for prompt fix, as well as possibly suggesting they purchase damprid which I hear helps with moisture and making sure to pass on educational/informational material on indoor air quality.There is an indoor air quality guide that someone in a facebook group that I am part of suggested, which I intend to make as part of my lease addendums/guides for tenants.https://www.epa.gov/indoor-air-quality-iaqI do have a contractor lined up to address some regrading issues and also visible cracks which could be where the moisture is coming in through.The challenge is that mold is everywhere and I do not doubt, that we will find something, the key is to work together to “address/mitigate” vs. turning a blind eye which I suspect may have happened here.In the end, I like and appreciate all the comments.I think the comment that sums it up well is @ Clay Hartwig’s comment that the problem is not limited to just the tenants getting sick, the problem is also in working to mitigate moisture which could essentially kill the house.Thanks again to everyone that offered suggestions on what to do here.

Sadly, I think too many people blindly go into debt for degrees without much thought because that is expected of them. 

I have met other Successful landlord Near notorious South Side but its still a HUGE risk for a rookie to me" (and like me)The statements are based on statistical evidence as I was responding to out of the area investors that never stepped foot into Newark and now they want to jump in the investment game blindly not knowing the harsh realities and risks they could potentially face.

In my opinion, investing in a fund provides a level of blind pool risk that you're otherwise not taking in a syndicated deal.

Thanks for the real life example...I know the risks of landlording, not of being a lender...better to know the risks beforehand than to get involved blindly and learn the hard way later.

Being able to buy a place, even I buy them blind on occasion, and having the utmost surety that my team can complete it timely and efficiently is a huge boon. finding great people is the #1 thing you can do in this business

IE if your legally blind and have a guide dog etc. when i had rentals and i am the person Tomas describes IE burnt out not worth it hate it   landlord LOL.. but i would say no dog over 30 lbs and would charge 500 dollar non refundable pet fee.. that would weed them out you may want to go to 1000.00  that way your not saying no dog but make it monetarily worth your while. 

"I see," said the blind man as he picked up his hammer and saw.So, the stove is vented through the microwave cabinet, and you want to change it so it has some type of either direct venting or have a filter system on your microwave.