You’ll have to get the building inspector to agree either way.   

.$447,0005.1%14.1%49.0%57.7%Houston-The Woodlands-Sugar Land, Texas$370,000-1.3%0.3%13.9%38.1%Indianapolis-Carmel-Anderson, Ind.$350,0000.9%4.6%23.7%54.5%Jacksonville, Fla.$423,000-0.9%1.0%34.2%54.0%Kansas City, Mo.

Places in the Midwest like Cleveland, Indianapolis, and Kansas City are good for this too, and in the Southeast, cities like Charlotte, Atlanta, and Raleigh-Durham offer cheap buys and lots of renters.

Since a VA inspector would need to verify the condition and value of a home before the money is lent, does this mean there is no way to buy a foreclosure with VA loan financing?

Does anyone have recommendations of a great home inspector to be used during the escrow period?

If an incident occurred not caused by the tenant and the property is as practical matter totally unusable for residential purposes, the tenant may terminate the lease by giving notice to the landlord before repairs are completed.Failure to install, inspect or repair smoke alarmTexas law requires the landlord to install, inspect and repair smoke alarms prior to or at the beginning of the tenant’s lease.

In alphabetical order: Cleveland, Columbus, Detroit, Indianapolis, St Louis, Texas and more.Before deciding you should do some research and learn about property Classes.Most investors naively assume all properties & tenants are the same and mistakenly only focus on best rent-to-price ratios.The reality is that lower Property Classes also mean lower Tenant Classes and corresponding bigger challenges!

As far as Option 3 selling the house and looking elsewhere, the places I'd consider are Sacramento, Nevada or Arizona (where I would buy if I sell off all my Indianapolis properties). 

(You have other options, like bringing an inspector to your walkthrough and getting it done ahead of time.)

Research crime rates, school quality, and future development plans to ensure you're investing in a promising area.Establish a reliable network of local professionals, such as real estate agents, property managers, contractors, and inspectors.