Thank you I dont believe you can be held liable unless you put in lease you have cameras operating for protection. 

And which terms should I include in the lease to be protected as the landlord?

Why would you buy a townhome and have someone else manage it when you are paying for HOA which protect the exterior? 

You may have other non-financial costs associated with this type of property that compensate for the greater cash flow (e.g. additional risk, needy tenants, tenants whose priorities do not leave room for taking care of your property, etc.). 

I am not a mortgage broker, but my limited knowledge is you can (if you financially qualify) and the property has different second home features it is possible. 

I think bad actors will always be around, there is a need for some consumer protection, but I think regular laws can do this.

This has resulted in an unexpected financial burden of $7500.In light of these circumstances, I am seeking advice from you all on the legal options available to me.

If inspections aren’t possible, get the items in question written into the deal addendum (either as a concession or as a condition to close so that earnest money is protected if a solution can’t be found).

Insurance offers better protection.

I am a financial advisor that specializes in working with business owners and real estate investors.