I think I might have a few people in that post-bidding price range, I'll let their Realtors know if it comes up" is broadly accepted as normal activity (I'm not commenting on what SHOULD be, merely on what IS) unless some sort of confidentiality is specifically requested. 

An offer of at least some sort of discount or ability to reschedule will go a long way.

You get the best returns in the worst area but trade that for the most headaches.  

Remember inspection reports are a laundry list, you need to sort out what is important. 

I am still cleaning up a nightmare for 2 rental projects for the last 4 months, I hired a contractor and he was the worst.

The worst part is; people are buying them up left and right.

@Christopher Alvarez Yes happy to help you and more than willing to share my experiences. i live in new britain now and did so for 10 years a few years back. the city has the same sort of crime any other area does. i can tell you for sure, it has improved since i lived there last. i would not be too worried about that but i would say its important to get with someone that knows the area street by street.

I don't know the law in Texas but you should hire, not just chat, but hire @Jerel Ehlertas an attorney in Texas to help you sort through this.

If you have no reserves and you hit a problem- a costly problem then you potentially are in default or at worst very stressed and that is not a good place to be and could threaten significantly your future.

However, I would expect to see some sort of agreement to that fact within your loan documentation.