The reason is there's an exemption for homestead that cuts out most of it.  

They wanted to cut out the listing fees, save where they could in the transaction, and needed TIME TO MOVE things out of the distressed property.

That will cut down your reading load by about 98%, so you can take all that time savings and go buy more properties.

Take a picture of doors front and back, and make sure one of them shows the edge where the latch is located because that's the most likely place to be damaged by a tenant kicking in a door.

Why cut off half the potential rental pool?

Normally, you would have a local property management to take care of their needs who would also collect the rent, take their cut, and send you the rest.

The inspection is very big on fire safety.  

When a tenant asks about fixing a gap in the fence, replacing flooring, or whatever, I can point them back to this clause and it cuts them off:MOVE-IN CONDITION.

.), cut out the porcelain-on-cast-iron bowl out with a grinder equipped with a diamond turbo blade, and then carefully keep cutting small pieces until you get the bowl down to the granite.

If you have someone cutting grass once per week at $25/cut, that is almost all of your maintenance budget each month.