There's termites little termite damage.  

I can only assume that there was a sewer backup.Leave it to me to see potential dollar signs in a poop-filled property, but I have a feeling the condition of this condo will weed out much of the competition.My main question, though, is what kind of unforeseen damage can I expect?

You don't want to put yourself in an "all in" position on every deal so when that hit does come, it wipes you out or leaves you with some serious financial damages.

They did see some damage to the backdoor lock, so the police ask me (owner) to stopped by.   

The damage is in two rooms with approximately 350 square feet.

Due to this situation, I am currently searching for REOs or foreclosure properties with minimal damage to invest.Surprisingly, I found one property in a good neighborhood but not in a good location.

Hopefully you have a decent deposit to offset some damage.  

Those that left, did so on their own volition, quietly, politely, and without damaging the property on their way out. 

We got a water damage company to clean up and a handyman to come in to replace and refinish.

The damage stops there not at your personal credentials in both credit and business unless you personally guarantee a long.