In reality, it really doesn’t save you much.In holding rentals personally, use landlord insurance, umbrella insurance policy (which come pretty cheap $1M to $5M liability coverage in $1M increments usually), and keep the unit in good repair/condition.

Another option to consider is buying a property in turnkey or near turnkey condition, rather than a property from a turnkey company.

or are people trying to get out of it right now because of the current condition. 

They are much older properties and as long as they are in good condition and appealing, they will rent. 

@Lisa Alexander North Jersey is always an expensive area to begin with, and then factoring in current market conditions, prices are a bit inflated.

Primary investors include the agencies Fannie, Freddie, and Ginnie, whom have specific requirements as it relates to property condition.

If it is truly an opportunity, it's because of valuation, rental/cash flow potential, condition, more. 

My reason for making this post is to see advice from anybody else with a demanding health condition.

@Gil KerenYou understand what a property that you want to buy looks like - numbers, area, condition.

Do lenders take into consideration the condition of the property?