If you end up getting a soft spot that blows through and does leak, your expenses go way up.You should have replaced the roof already, but are holding on to the reserves anyways...... so the question is why? 

HUD just requires a bit longer in underwriting, has higher soft costs and will require more property scrutiny. 

@Jim Adrian it’s a complete guy, sans most of the flooring, because the place has been vacant for 10 years, the plaster ceiling is falling down everywhere, walls need to be reconfigured to make it fit a SFH instead of a Duplex better, Mechanicals all need replacing due to rodent/critter damage, and city code will require electrical service upgrade and new water service, etc… It’ll be a fun project, has good bones, just the soft meaty stuff inside that sucks.

South of the Cleveland crossing area I think there is some 'seasonal softness' that was common in Wake before the out-of staters bought the place up.

He bought several rental properties in the LA area and quickly found out he wasn't cut out to be a landlord (he was too soft-hearted, believed every late-rent-sob-story, and wouldn't evict) but he wanted to maintain a close eye on his properties. 

Front porch is rotting and soft as you walk on it.

CA  the one in Shasta area is devastating the ones in Lake co are primarly burning off BLM brush land but have gotten into areas of nicer forest land.. the Ranch I grew up on in Lake Co was in the Path and I just talked to my brother and the entire 1,500 acres the fire ran through..

It seems they check for visual, electrical, moisture, mold and gas.If it really is that simple than soft inspections can be done much cheaper and faster and more often by a trusted but non - certified joint venture partner.While I'm in the area I can do a demographic, a title, and a infrastructure forecast search.

It's located in central California which has a soft market.

I also would recommend brushing up on Arizona's landlord-tenant laws so that you are prepared in the case that the tenant becomes a problem.