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.

I need to get in there and renovate because there are some health concerns (mold).

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

Sometimes bad things hit good people.You never know, perhaps he has:Covid, orLost everything, orBecome deceased, orBeen diagnosed with a major health problem, orBeen served with divorce, orBeen arrested for drunk driving, oretc...; orJust decided he doesn't like you--for whatever reason.I knew a very well to do man who fell off the radar years ago when the economy took a nosedive.

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?

It is difficult for me, however, to understand her claims that her health is being adversely affected by living in a home that I know was clean and ready for a new tenant and I never was informed otherwise.I don't want to keep her as a tenant if she proves to be a difficult tenant.