You need to spend your energy on negotiating a better cap, let the seller/agent know the work required+ map out the numbers. 

@Brice Burns,Depending on the volume and your need for speed (and your willingness to spend money), you can also go to TruePeopleSearch.com to look up their names as well. 

I prefer my clients to buy good bones - and spend their energy on sound processes that they can use as a model for the acquisitions to come. 

People may disagree but energy bills add up and it's also terrible for the environment.

An Investor in single family homes will need many units to apply laws of average on his portfolio: a bad tenant can result in burning up all profits made in a year.Tax benefitContrary to a single family rental property, the depreciation on a multifamily asset can be accelerated thanks to a cost segregation analysis.AppreciationUnlike a single family value tied to comps, themselves linked to market conditions, the value of a multifamily asset is based on the Net Operating Income (NOI) - income minus expenses - and the Capitalization Rate of the market.

@Cassidy Burns I believe in my state of Oregon it is now illegal to discriminate against a felon and for sure if their eviction is more than one year old.

Real estate investing also requires more input of time and energy.

During this process many people told me I was dumb for putting this all on credit, you might burn yourself, you better be careful, etc..

Tenant burned designs into driveway and cement patio using sparklers.2.

I'd start by contacting a local agent or broker and they should be able to help you with finding a policy (almost all my units have fireplaces or some kind of fuel burning stove)