When you don't need to bring things up to current code, only perhaps make health and safety updates required for renting.3.

Yes rent control is a pain in *** and there are tenants who haven't paid.

Bill" and being able to seek local private health care when further than 30 minutes from a VA offered healthcare facilities.

Some real quick items here:VA Loans are for Primary HomesYou can use VA Loans for 1-4 unit properties (House Hacking)VA Loans have 0% downpayment (most of the time)You can have more than 1 VA loan (some people don't know that)VA Loans do carry a "funding fee" which is like a little "tax" to write the loan, but it is waived if you are a disabled veteran.VA Loans do not have PMI (and that's a huge benefit for us)VA Loans also have a very streamlined refinance feature (called a VA IRRRRL) which makes it super easy to refinance if rates were to fall (hopefully that will occur in the future)VA Loans can also be used by a surviving spouse.The VA may not give us the best health benefits but they can certainly get us into debt!

Note many of your items in this project are not related to health and safety.  

The bad experiences are painful but pretty much all real estate investors that make it over the long haul go through them all so good to knock them out early!

Depending on the health of your parents, waiting until a death, although grim, could wipe out significant amounts of capital gains. 

I feel your pain :( 

I ended up leaving the partnership due to venturing off to focus on my startup but no bad blood.Recently I’ve been contacted by the father of one of the partners and he’s having some health issues but in the midst of it all the property is having some foundation issues.

The inspections could include, but are not limited to, building, zoning, VDOT, fire, and health department.