The reason I'm treading lightly here is that I don't want trouble and confusion and she has done a number things that indicate she may be trouble.

Whereas the neighbor's insurance company or the neighbor may be found responsible for paying future damages caused by their trees.I have a rental house with two neighbors large trees overhanging on both the side fence and also the rear fence encroaching toward my newly re-screened pool cage.

-Caused 13K worth of damage-Caused me trouble at my W9-Trashed the house-Owes me 9k in rent-Filed bogus criminal charges on me, absolute lies-Stole ALL of my appliances upon eviction-And there is more

We lived in the property for two years while we slowly renovated interior, landscaping, as well as resurfacing the pool, and added privacy with a new fence.

2) I am having trouble finding an inspector that will identify asbestos. 

I had trouble getting seller financing to work with just the home course.

But if the county re-assesses every 3 or 4 years, you will pay market prop taxes soon enough.I’ve been an investor for 46 years and this is NOT something I would do.Over this time, I have seen investors get themselves in trouble by being “too smart by half” often with creative tax structures that end up causing trouble but this is a another danger zone in my mind.I’d think long and hard before embarking on what you propose.If the acquisition doesn’t stand in its own merits and one needs to resort to chicanery to make it work maybe it’s not a deal.just my two cents.good luck,Arn

But, you'll also have other problems... most or all heavily regulate short term rentals... so if you can't cash flow with a long-term rental strategy, you'll be in trouble once regulators catch up with you. 

Sad to hear you also had trouble with a NW purchase (I will leave those to the very experienced investors from now on).

Like @Jack Seiden said, it might not be worth the trouble to get that all done.