Perhaps address any issues that could cause the house to deteriorate as well as any health and safety issues. 

This is the age-old real estate question...appreciation/safety vs. cash-flow and potentially a higher risk. 

Hi Tyler,Here is my list of how to be on the list of bidders as Team Member:Personal Honesty and foreman honesty (including putting up the materials spec-ed and not a cheaper substitution, and don't lie about times and then not show up on time).Licensed and insured.Workers comp (must have).length of time in business.BBB rating.Not a history of a lot of lawsuits for non frivolous things.A handful of recent "good" referrals from other investors for the particular roof type.Proper safety equipment use by workers, tie offs etc...

@Doug Phillips cash is the most secure method of payment, minus safety concerns so be smart about where you accept and bring directly to bank.

And no, it’s not bullet-ridden, my wife and I walk out our front door for walks multiple times a week and never fear for our safety.

And, as you proceed with debt, it's important to measure that against your unleveraged properties so you don't face too much stress on your portfolio.Other folks will say that you should just go full BRRRRR until you don't have anything to your name except a bunch of properties that cash flow $50/month.

A sustained bull run increases downside potential but it gives many people the illusion of safety.

If you are looking at SFHs, which are not measured by cap, you are looking at the wrong type of properties.

As another example, the property has to be maintained for the tenants use and enjoyment, rather than for safety.

Along with the mip and extra safety repair fha likes, I recommend talking to a loan officer on the cost and eligibility difference going conventional or rehab loan.