." ~ Unknown

The fear of the unknown has to be one of the worst things a REI faces.  

A 10% IRR on a Class A deal with no rehab required may be equivalent to a 50% IRR for a flip on a Class D with lots of work and other unknowns.

Kudos for doing the right thing, getting your tenants out ASAP, doing your homework, etc.Standard disclaimer, I'm not an attorney, certainly not in that (unknown) State, I didn't even stay at a Holiday Inn Express last night, etc.

If you forego the inspection, have you included a large enough allowance and/or a contingency to address the unknown issues?

So, it would depend on how far back you wanted to go and how many zip codes.The flag shows Cash, Unknown, FHA, Conv, VA.So, the data is there, just not so easy to pull it and we don't have report writing capability.Most real estate agents barely know how to use a computer let alone write computer reports for a database.

A title policy is more for shifting risk of unknown defects. 

My understanding is you are trying to reduce the amount of tenant rollover.If I understood your post correctly, to reduce tenant rollover and having to go through the process of qualifying new UNKNOWN tenants, be more in tuned with your target market’s desires and needs.

The major point is that many people, especially those without extensive experience in business in general and real estate investing in particular are drawn to “partnering” as either a reaction to their “fear” of the unknown/new/risk or their need to turn a business action into a social one.  

But this is the same risk one takes with a fix and flip...Considering the risk someone takes with a fixer-upper with respect to unknown repair needs, would it not be a better (less risky) strategy to do spec builds instead?