I might be tempted to walk my butt into the owner's office -- does that LOOK like a place the owner spends 70 hours a week (lots of personal items on the walls?

Most equate forming an entity to asset protection, but completely ignore the action items  that should be done on a daily basis that actually protects against the claims from arising.

Some items to be aware of include, but not limited to:  zoning in County may conflict with the City, utilities that belong to the City infrastructure may require that you annex the property prior to rezoning or other entitlement, County development standards may be different or less stringent than City standards which would cause the development to be non-compliant when annexed.I would echo the same as Bryant Brislin, you will definitely want to connect with someone that can navigate this process for you. 

I did ask about short sale and they said they would need to see a HUD statement and purchase agreement to do that but I was confused how I would generate those two items without an agreement from Kiavi on the short sale amount? 

Josh,Well except for the 4 items you mentioned, then it's a walk in the park....

Mix FOOD color with tap waterb.

Items to consider are:1. 

This is the same as they would do for other items the seller already paid for like property taxes. 

Receiving a cash out loan on an investment property can be a very confusing item.

Just some food for thought as you're going through the motions :) it is absolutely negotiable, before you close the loan.