If you have any follow up questions related to this concern, please let us know.

I'm reasonably conservative so this may not be as much a concern for you.Hope this helps...All the best,Mark

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.  

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.  

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