But I don't see any major concerns with regards to the cash flow numbers you posted, unless there are hidden expenses (insurance, capex, deferred maintenance, management fees, etc).There is always a risk when inheriting multiple tenants. 

@Parker Cox You bring up good questions and concerns.  

The main concern for me right now is the heat, although I could potentially meter the domestic water usage as well, but it would be more difficult due to the way the water lines are installed. 

Evaluating everything but not being so concerned about credit score.

In this priticular situation we will be flipping the home so I'm not as concerned about any due on sale clause the sellers mortgage holder might have but I will still go through the formality so I have multiple exit stratugies.

I understand that I can be creative with financing, but that's not really what concerns me. 

Should I be concerned with other exit strategies?

I had the loan number, found out what the payment was from a friendly branch banker, and made P&I plus impound account payments ever since.I should have concerned myself about the lack of insurance coverage for myself earlier but didn't until recently.

I'm concerned about the fact that it's not a traditional construction.

Hi my mame is Jaroslav and i am first time loan buyer.I have purchased a non performing loan  for $2500 with UPB $60000 and house value $79000 in Ilinois Chicago and my Ofer  been accepted.Whats my biggest concern is the area where the house is.