I'm talking about having contractors inspect the roof, HVAC, foundation, etc.I know the best answer is to always do this in case the tenant goes dark.  

An inspection was done back in March by the township (while Fannie Mae owned the property) and there's a number of code violations including the fact it's not zoned to be a triplex in the township. 

Interior, Exterior, property inspection reports, PMI drops, etc.They used to pay in around 100 or more for a report.

This is so they have you on record to perform the 5 year green card inspections with the state - it has nothing to do with section 8.

We are both filled with excitement and fear as we havent seen the property (but have a good friend who is going to go to the inspection next week and check it out.

Many states have laws that provide members of an community association the right to inspect the books, not sure if NC is one of them.  

Then you have to pass all kinds of inspections on a regular basis.

Sounds like you have a lot of trust, but how do you handle things like check in/out, inspections, showings, etc. without a property manager?

I've been looking serously since June, even got as far as a contract on an REO untll the inspection revealed an additional $10K in repairs, for which the bank was not receptive in a lower price.Basically, my vetting of properties includes taking an avg comp at 65-70% of ARV, to determine if taking a look is even worth it.  

I got a home inspection done today and the inspection report stated that there is mold in some of the bedrooms in the house.