Aside from financials and the overall health and condition of the full building and association itself, what special considerations should be used in analyzing one of these deals?

You could contact your local Health department, but if they see that there is no bathroom, they may condemn the apartment and you would not be allowed to stay there.

I was advised by my tax lady ..to set a a C corp and pay myself a salery .. then i will be able to write off  my miles and uniforms , health insurace .. most of my truck because i only use it for business .. my home office ..my internet , my 1/2 my cell phone  .% of meals .. ect ... plus Im just going to take profits and roll them into buy and holds ..while still doing flips with my partner 

We do mostly retail, some behavioral health, hotel, apartment building, etc...

(best way I can put it)  A family member with declining health has lived in this all of his life and has been the only resident since his mother passed away over 30 years ago. 

Health and safety concerns are things that have to be addressed regardless of your financing method as they should be. 

Additionally Property is 3 blocks away from a newly renovated 30MM+ Park, 1 Block away from a Magnet Middle School, and three blocks away from a soon to come mental health clinic.

Also I run a podcast called "The Catch Up" where I highlight people who are talented in health, wealth, and creativity.

In texas, the first step is going through the dept. of health and human services and applying to be an ALF.

Call the local health department.