And then you can start implementing measures to ensure your tenants pay you and don't damage your property.Good luck!

IMO if him paying late isn’t causing you to lose any money and he pays every month.... put up with it until he decides to leave.

Currently my biggest fear is losing capital due to dishonest seller, issues with collateral file causing inability to collect on loan,..etc.   

Tier three even covers loss of rent up to like $15k if it’s caused by flood or fire, etc.

If the current owner doesn't know how to get in or get rid of the tenant then there may be a bunch of other hidden problems caused by their lack of knowledge.

Aside from that, any noticeable damage you'll see should get fixed.

Damage caused by a huge branch falling on the side of the house was so intense to one of the apartments that tenant was forced to move out.

I would plan to be at the appointment with the pest guy and have them point out any issues they see, take lots of pictures of any potential issues, then send written notice to all identifying issues that are causing a continuing problem along with written notice that inspection of all units will be scheduled each time a continuing complaint is received and units found to be contributing to the problem will be billed for the treatment. 

Cause gettin the first deal is great but working it line up the next one is even better!

Usually, guys like me go in, fix up some houses, and get it moved up a little toward Class C+ or B-.Class D has too many turn overs and damages for me.