You'll have to dive deeper into the numbers for each property you analyze. 

I've always toyed with the idea of real estate investment but I've never delved too deep into the details.  

Equity stripping with false liens or intent to deplete assets will get you in deeper trouble.

I have many well performing properties in NYC and Florida, but this would be my first delve into the TN market.

I would like to see the financial details so that I can get a better feel for the reality of this before I spend a lot of energy digging deeper.

Maybe even talk to a real estate agent or other property investors before delving right in!

Yeah I have to dive deeper into the numbers and make sure it makes sense.

I'd find a way to move the refrigerator if that's possible.If you use a licensed contractor, get permitted, and have it inspected your insurance company will be much happier.They'll have 2 people with deeper pockets to go after when someone gets fried playing with the panel while standing in water. 

Some helpful tips are to ask the seller for his actual policies (not certificates) and find out what your lender insurance requirements are.The sellers policies may be totally inadequate to satisfy your lender requirements meaning that his costs won’t accurately reflect yours.So don’t just rely on that number on the OM, dig deeper!

Just like in your single family properties, you may need to look at 20-30 listings to find a few that are worth digging in deeper.