I guess some of my concern was based on tenants not having the capacity to make the lease to own payments and trending toward TOH.

Look at the deductible, amount of coverage ( some companies base replacement cost at a certain price per sqft which is most cases could work out to your benefit in a total loss situation ).

The fact that this property appeared out of nowhere yesterday and I’m going to look at it this morning will tell you why there are “holes” such as not knowing the actual income yet as the realtor did not have that data.I agree that deals should be very well defined and financially assessed, but some situations, such as building a second dwelling, etc. add variables which cannot always be100% defined in advance, but in this case I think adds tremendous value. 99% of properties close to destination towns you do not have the option of building an entire second home which can be sold, because the areas have been already developed almost to capacity.

thanks @Nathan G. seems if the numbers work out better for other states, next step would be trying to find a good PM in my target markets and see how the PM cost would fit into my bottom line. 

All of my personal money sits in a reserve in case things didn't work out properly.

My original property manager tried to reach out to her and work out a deal but she basically ghosted him so no repayment schedule was set up. 

Before setting the appointments, think through the parts of your homethe inspector or appraiser will need to access and think through the process.Contact the home inspector and appraiser and work out a plan together to keep everyonesafe:• Communicate with them about off-limit areas, and what parts of the home they can access.• Have a notepad in which they can communicate what parts of the home they came incontact with, and offer hand sanitizer and wipes for them to use before and aftertouching parts of the home.• Finally, leave the home during the appointments, and clean properly once you return home.Life does move on – if you are trying to buy or sell a home during this challenging time, itmight take extra effort.

Lenders will always look for credit (usually above a 620), capacity (ability to repay/stable income), and collateral (down payment).

Another option would be to work out some kind of option contract with the owner?

Still trying to do my first deal and hopefully it will work out soon.