Lenders have been raising their minimum requirements and I suspect a 730 credit score may not make the cut with most lenders today.

Expect and prepare for calls to liquidate as LPs may look to raise liquidity given their situation.

Consider asking for a raise or looking into side hustles.

I’m looking for recommendations on raising rents as the new owner.

You couldn't go back and raise it up again unless the demand increased and then they will use the reduction against you.

We will use top quality material, as in some of the other recently renovated houses in the area.Due to Coronavirus situation, I've heard from some investors and brokers that banks will raise interest rates and house prices will go down as soon as in 2 - 3 months.

I was raised with my parents telling me you have to have 20% down and pay off your mortgage in 10 years to avoid interest.

@Keenan Rusk Having a long term outlook is smart but any strategy heavily dependent on hard money, raising ARVs or requiring some sort of refinance right now should definitely be scrutinized. 

@Josh Skyer, careful about raising her co-pay or rent upfront--that might skew out the Sec 8 formula. 

I know my cautions might seem to raise the alarm and I don't know all the details, but these are issues I've seen with properties before and every nightmare scenario you read about on here usually could've been avoided with some due diligence.You could try to get the seller to agree to a warranty that survives the transfer of ownership, but they probably won't be too keen on doing that.Another question: Is this property listed or off-market?