I’ve never heard of asbestos being in rotted wood and old paint. 

The attached we built 10-12 years ago and they are solid EZ to rent and sell  / still very new in comparison.

The exception is if you have a solid team on the ground, then perhaps.

Also, more obvious, but having a solid relationship with your lender and really understanding the array of options is very helpful.

I think it's important that the deal be solid, but if the financing isn't in place the deal won't happen.

Regardless what you do the property has to be a solid deal so it makes no difference what they are asking but how much will they accept.

I've been provided by the seller what appears to be solid leases.What're some best practices in this type of transition? 

Exception: The floor framing-cavity insulation shall be permitted to be in contact with the topside of sheathing or continuous insulation installed on the bottom side of floor framing where combined with insulation that meets or exceeds the minimum wood frame wall R-value in Table 1102.1.2 and that extends from the bottom to the top of all perimeter floor framing members.

There are several potential markets to invest in and out of state investing requires research to learn about the area (if unfamiliar with it) as well as to build a solid team.

Solid group of folks over there.