This ensures that both the lender’s requirements and your liability protection are addressed.

Gary,Most of my concerns have already been addressed on here, but one more point I would make.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Shoot me a good email address and I'll send it to you.

Can the lawyer prove he provided you the change of address?  

Is there a band-aid fix that you can do in the meantime that might stop the mold issues even if it doesn't address the foundation issues right away.If you are going to consider selling it at a loss the question doesn't become how much money did you lose on this deal but rather how much money can you make from the money you would be able to get out of the deal.

We’re eager to reconfigure that area into multiple units to enhance income potential.What strategies can we implement to address this situation effectively?

Upon closing on the deal, I plan to also conduct another visit to address the logistical elements of getting everything set up and finalized. 

They may end up in a different state,  at a different address than that which you have on file, different phone number or don't answer. 

So I started testing it out with specific addresses and potential gross rental income and was blown away how it was exactly the gross income that the market offered.