Lack of egress, smoke detectors, ceiling heights, access to furnace boiler, etc so many things that can cause issues.You are asking about whether you should do a lease already sounds like you are trying to avoid an issue by saying there is no lease.  

It's right in a downtown area that is desirable and accessible to a growing community.

@Rob Shah,use Rentometer.com or BP Insight to have an idea of what the property will rent for.If you don’t have access to either then use 90% of whatever Zillow Rent Estimate is for example, if Zillow says it will rent for $2000, then 0.9x$2000 = $1800 will be the most likely rent.That been said, the best comparable is the one you get from an Agent because they have MLS access with a lot of data that will provide you the best result.Goodluck

If you are looking to invest into real estate, I have found this site to be incredibly helpful.There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guidesI really like the alerts feature that can quickly guide you to current topics that might interest you: http://www.biggerpockets.com/alerts

They will have access to more options for insurance providers who may take something like this on.

Now, I have access to more private money than I have deals.

Hello,Is there a way on Bigger Pockets to obtain access to lists of credit unions, banks, community banks (portfolio lenders) and lenders (hard money or private) that provide financing for investors that are interested in investing in a particular state or town?

You’ll find plenty of friendly, knowledgeable people willing to respond to your posts.There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guidesI really like the alerts feature that can quickly guide you to current topics that might interest you: http://www.biggerpockets.com/alerts

You’ll find plenty of friendly, knowledgeable people willing to respond to your posts.I really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides

They could also help access off market deals which ay be less competitive.