You're right, between getting pre-approved to starting the search, viewing many properties, making offers, getting offers rejected, finally getting one accepted, then having it fall through (after the inspection, for example), then going back to looking at properties, finally getting an offer to stick and taking it to closing (which could take 45 days or longer), then doing the rehab -- it could take a while! 

You can view their crawlspace through an access they left from the old basement & its bad. 

@Vincent Incopero I understand that, just wanted to get additional point of views on the general topic.

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I'm trying to think from a agent's point of view and not a wholesaler 

Two things that intimidate me are (1)I guess is the fear that I will make a very costly mistake and (2) finding roaches while I view houses ( i'm scared to death of them).. hahaha. 

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If it were me I'd first check floodzone, then google street view, then do a quick analysis with best case scenario off the top of your head rental estimate, then full pull the comps rental estimate, then crime and school maps. 

@Rick Pozos  What you are proposing would be viewed as a prohibited transaction by the IRS.  

Because mine was overlooking the rooftop of a parking garage, and about 50% of the view was obstructed.