This can be a city or neighborhood.We manage a lot of Class C properties in the City of Detroit, so previous evictions are common.We typically do NOT allow within the last 3 years and we want to see stable employment, income and no other major credit issues since.For Class B rental we're looking for no evictions in last 5 years.Class A, would be at least 7 years.Of course, there are exceptions to all of the above for extenuating circumstances the applicant is willing to provide acceptable documentation for.

@Becky HoffmanI would not change the name of the LLC but do a dba so you do business as one name but legally your LLC name does not change

A quick google search turned up this: https://windowwellexperts.com/...You can install a legal egress window for $3,000 - $5,000.

.* In my world (Bank) a "Foreclosure" is a property/loan that has a filed notice (Often referred to as first legal) that a foreclosure has commenced and is somewhere in the foreclosure process between first legal and sale (or post sale redemption).

Also, multi-unit sales involve more legal and financial nuances than single family homes so it will be in your best interests to work with an agent.

Obviously, I am going to be very, very diligent about getting all the documents necessary and looking over the area as we get farther into the process. 

Do not rely on it for legal advice.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Once you have the property converted to two legal units, it's going to depend on business vs. personal useage. 

My guess is You will need to go through a foreclosure process in this situation as a legal remedy.