The city has done extensive flood prevention work since then.

That said make sure the Garbage Disposal is working and not clogged as they usually are tied together.

If her new refrigerator has an water dispenser/ice maker, make sure the water line hookup is secure to prevent water damage.

Pennsylvania state laws prevent me from investing on their site but they recently went public so that will change soon.

It looks doable to me as long as you are in a position where you could weather a few vacancies, don't need income from it yet, and you plan to manage it yourself.With $0 down, it's not likely to prevent you from other deals.

That is the cost you need to protect against, if you need something besides preventing lead exposure in a child.  

, if the owners are negotiable and flexible, as it may seem due buyers already walking away and them being from out of state, they may be open to have you solve their problem with this parcel, If need be I would renegotiate the contract due to the condition of the structure and would renegotiate the time-frame to close in escrow, you can do that one of two ways, you pay the sales price and have the owner credit you at the close of escrow the cost of any repairs that are related to the integrity of the subterrainium pad or foundation footing for the building due to the flooding and the lack of preventive maintenance from the previous owners....Or second will seller adjust their sells price to be inline with true values and condition of structure?

So, Will NOT selling the house now prevent me from buying a investment property in the future?  

They say I will make mistakes that they can help prevent but I am afraid that spending $30k on a bus tour is my biggest mistake.

Lastly, there are no laws outside of the HOA preventing more than 20% rentals; that is some sort of HOA rule and the owners ARE the HOA.