The driveway has damage to it including cracks, missing some chunks on some of the edges, and some sinking in the middle of the driveway.

I don't see old people moving back in with their families thus causing a surplus in housing. 

I plan to do a move-out walk through, but I won't be able to identify prior damage from new damage without any move-in documentation. 

Just thought I'd mention this because I see a lot of frustration with rental investors using hard money because rental investors look at cashflow whereas hard money looks at ARV; the differing goals/objectives can cause some misunderstandings.The other thing is to make sure you ask about prepayment penalties. 

The other one looks like it may have some minor earthquake damage a few cracks and may have shifted a little on the crawlspace foundation.  

If the appraiser knows that the seller on 123 Main St disclosed a jenky water heater and water damage in the basement, he can/will adjust for it when doing your appraisal.

Since the date of occupancy could change; So, I’m looking into possibility of vacant or unoccupied insurance coverage to protect our investment with the correct coverage.Living Area:- 3,800 SqFt.Near a lake but looks to be outside FEMA flood zoneARV: $425,000 - $450,000Previous property Hail damage claim (year 2014): $2,600Insurers Replacement costs: $600,000 (Looks high to me)Personal Property costs: $450,000 (Wow!)

The deferred maintenance and comparative fewer amenities also cause concern. 

Complete loss fire damage, and the home owners don't want to go thru the trouble of rebuild. 

I don't think it causes a safety hazard, it's just that the upper half of the house is no longer approved as a rental so there's no point in having an upstairs kitchen.Thanks again,Matt