I'm a Pittsburgh native if you need some insight on which neighborhoods are the best, the trends, and the worst.

@Renata Johnson  Great news is your first investment experiences is usually the worst, If you can still get out of this with little loss,  that would be the best bet. 

I think lenders think worst case scenario is they get the property back and now they have to deal with it or pay to have it removed.One day I was at a property like this, and neighbor came and told me he would junk it for free. 

I'm hoping that we never find ourselves in housing court, but I like to operate on preparing for the worst and hoping for the best. 

Total income per month worst case scenario I think is $3,325The place is totally turn key and has been recently renovated.

As you said, worst case scenario I'd only be out $500 for the inspection so it's not the end of the world.

But this has been the worst closing of my young investing career.  

I do applicants one at a time if there are multiple adults (I have them to start with the "worst" one).

Maybe I'm just finding excuses but I tend to always plan for worst case scenario which might not be wise when it's time to take a little risk.

Make sure they give the worst case longest timeline.With all of this information you now need to contact the bank or whoever is holding the Note on the property to talk with them about what is going on and next steps.