PM if you'd like to share, I'd love that.And thanks immensely for the multiple examples of household dangers for babies, I hadn't thought of some of those, so thanks!

My concern is the OF with repairs $30K  with down payment of $5K down, find out what kind of neighborhood it is and check the crime area. 

Also, is it a concern the amount of younger people moving to the area that may not be able to afford the increasing prices and eventually start moving away?  

As far as I am concerned, they did not accept your offer as is, so I guess you could "legally" move on if this is what you want.The pet deposit I charge (depending on the property) is typically $300 to $800 and an extra $20-30 a month for each "approved" pet.  

I can't tell you how many books & tapes I've bought on shiny real estate things :) Pat yourself on the back for recognizing the danger, and pick one or two things to start with and learn the ropes on.

Then do everything @Marcia Maynard wrote.Or give them 30days to leave the property if you're super concerned about it and spend a few thousand in rehab costs to fix up the unit.Personally let them stay and keep collecting rent and budget of when they move out

I am concerned though because Walmart recently closed and many other businesses are following them.

In this space you want to be more concerned with rental history, ignore that they don't pay a lot of their bills, you are only concerned that they pay your bill (the rent).  

My 2 concerns are that I do not want to overpay, which does not seem like an option in this market.  

We checked off just about everything on our list of concerns, and formulated action plans for them.