They had the $20M in coverage, equating to $400k+\- per unit or less than half the $1M Zestimate.  

The first type is more hands on, direct engagement with the tenant and the property, the other one is more hands off, and work at a distance. 

Theoretically, I should be able to collect the funds from the deal, should my family member decide to go through with the deal.

The seller responded that since the issue was repaired and he believes there is no ongoing problem, he did not think it needed to be disclosed.When I asked him to extend the inspection period so I could follow up with the repair company and conduct my own inspection, he declined.I disagree with this interpretation.

I recently watched a video on social media that mentioned the way he was buying properties and yielding the benefit of the sellers low interest rate is having the seller put the property in a trust and then purchasing the trust.

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Short term it is difficult to make the numbers work, the cost of new construction and the time it takes to zone-plan-build are usually the main reasons why private investors stay clear.

The land has slightly increased in value (by like maybe 3-4% over 3 or so years) but the value of the structure I'm pretty sure has gone nowhere.