Fewer booby traps. 

Her comps used homes with fewer bathrooms and fewer bedrooms. 

(Fannie Mae limits the number of total loans you can have in your name to a maximum of 10… so fewer loans on the books = more future buying capacity when houses become more affordable!

True, there are plenty of indicators that the market around SLC will continue to appreciate...but there are also plenty of indicators that we're in for a correction...and at the end of the day, none of us know for sure what will happen.Also, you mentioned that new construction should have fewer repair costs...this is true in theory, but not always true in practice.

Rahul,  welcome to the most dangerous corner of the real estate biz!

There seems to be steps like 4 an+ 20, many hard money lenders do not do more than 4, even fewer do more than 20.

Is it a dangerous area?

That said, if the property is genuinely uninhabitable/dangerous and you're planning to spend a ton to gut-renovate the place anyway, your best bet might be paying for 60 days to put the tenant up in a safe short term rental of equal or better state than this current property.

With so much equity, fewer buyers are priced out by higher rates. 

The broader point is that being on the outside looking in, you probably don't have insight into all the mechanics at play with the property you are interested in... and there are some dangers to be aware of in doing what you want to do.