If you are remodeling it first they will probably have to insure it in stages (Builders Risk & Liability policy, Vacant building, Homeowners/Dwelling Fire) . 

If you believe she may be an above average risk it would be best to reject her application. 

Rather not take the risk with long term tenants I didn’t screen.

Sometimes we just have to take a calculated risk and work to make it payoff.

This requires understanding the risk/reward trade-offs, and then coming up with a plan and sticking with it.  

I’d prefer not to but that’s a risk moving cross country.

I have attached photos of what I would consider pertinent parts of my purchase and sale contract regarding realtor liability and mediation, as well as the part on risk of loss/insurance that reads something like if there is damage that is returned to it's former condition prior to sale, the Purchaser can accept that or has the option to terminate the contract... as I was not made aware of the damage taking place, I never had the option to terminate the contract, or accept if the condition was returned to it's original form.I emailed my closing attorney and I'm waiting to hear back, as well as waiting to hear back from my realtor as they were going to contact the seller's realtor to discuss this.Is this damage something I definitely should have been informed of?

So if secondary liens get wiped out, what's the risk of bidding at auctions? 

Certain areas of the nation provide a better return but come with significant risk to Landlords.

They should be avoiding liability, not risking more liability.