The animal can be rejected and it can be a lease violation of the animal is a disturbance or is a danger to the community.  

The old saying, "I know just enough to be dangerous", comes to mind.  

This is especially dangerous for folks who use a PML or HML to fund the purchase with terms such as 90% LTV or 100% purchase price / 80% rehab costs... when the appraisal comes in low, you may need to bring money to the closing table to get the refinance done.. and if you planned on refinancing the deal and getting out with "no money down" this can put you in a bad spot. 

If an OOS investor isn't going to go through the trouble of actually visiting a market, actually researching trends in the market, if the OOS investor doesn't have the experience to walk a neighborhood and tell the difference between blue collar hard working neighborhood and an actual dangerous neighborhood, then yes, that OOS investor will probably get stuck with a non-appreciating, low-performing, soon-in-need-of-capex investment. 

This is my fault as I knew just enough to be dangerous and now I'm paying for it. 

She did however have to deal with bat issues, and the fact that she had to remediate guano from the attic which can harbor dangerous fungi spores ect.In a home built between say '50s and '70s then asbestos may be a huge item to look for.

These areas are dangerous.

These credits are sold to urban developers, who will use them to boost development density in the western urban growth area of the county by 160% above base permitting (from 22 to 58 units/acre @ 7 stories) and, soon, in the South Lake Union explosion in Seattle. (20 new skyscrapers planned beyond the current tech boom.) 

the danger is when you are operating them personally and not through an agent. 

Illinois have some bad corrupted government staff does not mean all Illinoians living here are dangerous like you tarnish it to be.