Not many would risk everything they own if that was a requirement of investing in a business. if you’re referring to FRAUD”, then the individual committing said fraud can be sued individually, and  can not claim remote entity protection since they and not the entity, or they in addition to the entity are guilty of fraud.  

Not only would you benefit from having a partner's input on the deal, but you would also have an experienced individual to work alongside with as you navigate the project.It's also important to make sure you have identified your "team" ie; contractors / realtors / lenders / insurance agents / title company / etc. 

My current focus - what is the process once a family member/individual has passed and lets just say in a perfect world probate has been filed and the respective family is now thinking about selling the property.

That definitely won't help when it comes to trying to purchase a new property with a conventional investment loan in terms of DTI.But yes, in general with every property you purchase with a conventional loan, it makes it harder to purchase another property with a conventional loan given the DTI restraints UNLESS you exponentially increase your income (preferably W2).

We are both highly dedicated and ambitious individuals with a strong desire for personal and professional growth.

According to the brokerage and agent, these individuals either weren’t serious or claimed they didn’t realize the property was occupied, even though it was clearly stated in the listing.I’m not particularly concerned about the property’s condition or the eviction process, as I’ve already secured some level of cooperation and have basic access to the basement.

Simultaneously, if this vacancy is a high percentage of the buildings total SF, I would market the property for sale to an owner-user who may be able to fill the vacancy at preferred rates while gaining investment income off the other tenants.

Tools like Roofstock and local property managers can make remote investing manageable.If you prefer to stay local, explore adding an ADU to your property for rental income if zoning allows.

If I was the owner I would be asking why is it not published in the NY times, or other publications that have high net worth individuals.

For existing companies, individuals who own at least 25% of the entity or exercise substantial control over it must submit BOIR to the Financial Crimes Enforcement Network (FinCEN) by December 31, 2024.