Without having to go to the Bank and getting Owner Financing would be a way to get a low down payment or having to get  "House Hacking" insured loan and having to live there for usually about 12 months.Showing the Owner on paper how that kind of loan how much more he could make and how spreading out their income could reduce their tax liability. 

Depending on the exact location you get get$1600-$1800/mo for rent.The mortgage rates for this is now around 5% so your mortgage payment would be around $1100/mo then add about $300 for taxes, insurance, etc.

The cost of maintenance, home owner's insurance, property taxes, etc. 

@mau pan not sure how the laws work in pa but in Georgia you legally own the property the day of the foreclosure auction even though it can take several weeks or even months for the attorney to prepare and record the deed.So I always immediately get insurance, put utilities in my name and if it's vacant, get physical control and change the locks.Regarding the possibility of leaks, I always ask the water company to put service in my name, unlock the meter but leave it turned off at the meter.You can the turn it on yourself with a curb-key or a decent pair of pliers.

If you have any recommendations of any insurance broker regarding this then please do suggest.

Can anyone reccomend a great insurance agent in the area who specializes in Rental Property.

Our setup has us splitting losses 50-50 as added insurance to the investor and as a way to show i have skin in the game. 

Either that or price for that possibility.Buyer would want to have affirmative coverage for forced removal... and without knowing whether those are overhead or underground utilities, it's tough to say whether a title insurer would agree to that.

Do you have some good insurance brokers to recommend who cover Broward County?

It does seem like a risk I wouldn't want to take.I'm sure you will, but be careful to use insured and licensed remediators for lead and asbestos, if for no other reason than liability.