A clean U&O means the Seller doesn't have to do anything.The home inspector is a different issue.

I'd rather have a property remain vacant to I can spend time cleaning up and getting it ready and back-online so it could be available for someone else to rent.

Quote from @Jonathan Greene: This is the third time someone has tried to replicate the exact forum post in this same General Real Estate Investing group that already has 99 replies.https://www.biggerpockets.com/forums/48/topics/1220392-what-... 

If you warned them and they didn't clean things up that could be a reason. 10.

I don't think the fact that prices have gone up 5 years in a row is a good clean indicator that they will continue to do so, if it cashflows today and I can hold it for 20 years inflation should do most of the heavy lifting for me. 

I would assume the purchase contract has a clause that states title is clean and there no encroachments.

Don’t know much about Memphis as a city itself though, I just know crime was a problem back in the day, is that still the case or is the city getting cleaned up and growing?

And if so, how do I keep the property cash flowing / in the green? 

I will definitely beat the 1% rule as all I need to take care of is a new window pane in the garage and general cleaning.

The moderators have since cleaned it up.