My question is do I go forward with purchasing the property and deal with the higher insurance and potential hazard or is it smarter to walk away?

Not sure how many PMCs you've had bad experiences with, but we'll take exception to:"Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health)".BP seems to have more threads about screening mistakes by DIY landlords as opposed to PMCs.Now, if you'd have mentioned Maintenance, you'd get no argument from me:) Even the PMC industry acknowledges maintenance as one of the biggest challenges.Rereading my post, I kinda see how I sounded negative toward PMs.  

The underwriters will be looking at similar property condition requirements (c4 or higher) of a conventional loan (no deferred maintenance or safety hazards which would affect value).  

@Jim G.Per the International Residential Code if the glazing is less then 60 inches vertically from a standing or walking surface then yes it’s required to be safety glass as it’s considered a hazardous area.  

I’m actively working on agent outreach and direct-to-seller approaches and would love to collaborate or learn more about your investing criteria.This community has been such a tremendous resource for me, and I’m eager to give back by helping others find great opportunities in Columbus.

When you posted your review, we assessed the unit to see if there was evidence of mold, urine or any other health hazard.

This will help out tremendously when I start shopping for an agent.

A lot of tremendous resources on this site.  

It is the Most Hazardous way to buy real estate and not quite as easy as you state. 

Campus housing has been under tremendous headwinds for the last 4 years.These properties were sold with extremely aggressively optimistic projections, as well as a price that represented a significant premium to fair market value.So sorry to hear about your investment.