Yes , they should be insured and carry workmans comp on their employees .  

I'm considering supplying them with my inspection report where the inspector noted several components in either "Fair" or "Poor" condition. 

Also remember the 5 needs of every transaction, 1-How much are they asking2-What do you think the property is worth3-Terms other than cash4-Your exit strategy5-What are the needs of the sellerThese 2 components will help you to go far! 

Some I love working with and have their stuff together and only sell property with sellers who are fair and equitable in negotiations and working to close a deal.As others have mentioned I try to get upfront financials in LOI stage that has a CA component.

We know that a mechanical component has a life cycle and we're tempted to replace them at the end of that cycle. 

Very nice people, very supportive, always with an educational component. https://www.meetup.com/Masterminds-of-Cen-Tex-Real...Start by reaching out to a couple of local RE agents and let them know what you want, set up alerts for your criteria on Trulia, both for homes for rent and for sale.

It is simple math that you are better off than not borrowing.But there is always a comfort/emotional component to investing and that needs to be taken into consideration too.

FHA does have a Never-Ending MIP component to the loan. 

Once you know the current condition of all major components and appliances you can adjust the amount of reserves requirement.  

I keep CapEx at 10% until I have the property Inspected to determine the current condition of all major components and appliances.