For example, when a senior, low income tenant without a car in a unit without laundry gets bed bugs- you really can't expect them to find a way to get all of their fabric items to a laundrymat (no one is going to say yes to putting their bedbug infested stuff in their car)-- it's not going to be possible for them.

If its a safety hazard or could be a detriment to health/safety, then it will be a problem with FHA guidelines.Chipping paint, hand rails missing or broken, windows not sealed properly or broken, insulation fallout, mold, termite infestation, cracked foundation, moisture or leaking roof, heating and electric not working and not up to code, etc... 

You may think striking a deal with these guys is a one-way ticket to swimming with cement shoes and alligator infested swamps.

It's definitely not a deal killer unless it's infested, so don't panic just yet.

Everything seemed ok during winter but when Summer came the neighborhood was infested with gangs, Shootings and etc ..

I know people say its block to block in many of these cities but I have seen perfectly good blocks go Pear shape.. what was a good block 3 years ago is now infested with bad actors and the block goes down hill and your rental goes with it. 

One story stands out the most for me...It was a hillside property that was infested with mold, rats, squatters, and septic problems.

Quote from @Don Konipol: What borrowers say……..And What they really mean I’m not going to pay any upfront fees………….I won’t pay for an appraisal, title report, survey, accountant to prepare financials or anything else required to have even an outside chance of getting a loanI’m going to give you a shot at this loan………..because no other lender is even remotely interested in financing this propertyMy previous lender totally screwed me………..by expecting me to make the monthly payments and comply with the other contractural obligations I promised to doI keep an attorney on retainer…………..he’s the public defender that was assigned to me for my DWI I anticipate the property will be at full occupancy early next year……………the property vacancy rate is currently 70%The principal tenant has indicated he wants to renew when his lease is up next year…………he’s already given his move out noticeThe location is like a major European city…………Berlin 1945I only do non recourse loans………….I plan to cash out and disappearThe financials on the property show a tax loss………..the property hasn’t had positive cash flow since the last year of the Bush PresidencyMy credit score is okay………..480 Do not forget:Rents are under market - it rents for $1,000 but we could easily get $1300: The units are awful, outdated and infested with rodents, but I am hoping your dumb enough to pay based on the higher rents. 

Haha, my next thread will be how do you prepare for pest infestation, hurricanes, sink holes and rising sea level?

Since all of the units have bed bugs it sounds like a full blown infestation and not something to be taken lightly.