I would disregard age of the property, and focus on location, deal, structural problems if any, and whether wiring, plumbing etc are up to code or insurable.Houses built before 1978 have to be rented with a disclosure (and brochure) about lead based paint and the terrifying ramifications of licking the walls.

@James Wise by internet trolls like you or actual state BAR registered attorneys?

For now, i am just looking for hospitals, schools, parks, bars and what i called "other places of interest".

They are about $125.00 each and I have an app that will allow a code for a potential tenant to view the property. 

Make sure everything is up to code and has permits.

@Maya Torres we filled a vacant unit last weekend using an electronic lock box (coupled with a ring security camera to monitor the property somewhat during the showing/ changing the code when people leave) to allow prospective tenants to see properties without an agent/manager present and 3D camera/matterport for virtual showings.

But barring that, it could be a huge risk.That's my understanding of it anyway, but I'm also open to more knowledgeable responses. 

Are you sure there aren't any Phoenix building code violations currently encumbering the property?

Per Wisconsin code REEB 24.05  - It states... 

Millenials, gen x and Y have no idea of hardship, but that is not their fault that they lived in such prosperous times.My moral code says to help who I can, but to be honest I think it is in my best interests to do so from a financial viewpoint.