In North Carolina, we are expected to "probe for moisture," which is likely what he was doing here.

And specifically short on the excessive $21000 EMD due tomorrow.

Federal law requires landlords to provide information to tenants about the prevention and clean up of mold.... order the EPA booklet "Mold and Moisture in the Home" available by website download or as a pamphlet.

Which is more likely to occur.  1)  The bank calling a loan due on sale for transferring to an LLC, or 2) A landlord being sued and judgment entered in excess of my liability limits (500,000 per property, 1 million umbrella)?

As an installment sale, they will establish an equitable interest in the property, your idea of simply evict and repeat is old school now, it requires a foreclosure and you may have to sell and allow them to redeem excess amounts from the sale, see your attorney. 9.  

Remember, most other countries don't have real estate markets fuelled by low interest rates and excessive debt.  

The inspector did point out some evidence of water damage on the ceiling and stated it might be from the upstairs bathroom...it tested negative for moisture but probably bc the unit was vacant at the time. 

The inspector did point out some evidence of water damage on the ceiling and stated it might be from the upstairs bathroom...it tested negative for moisture but probably bc the unit was vacant at the time.

Few salesmen will tell you this, but NEVER use a window cleaner containing ammonia - - it will destroy the seal on the frame-glass contact and let moisture between the panes which ruins the whole purpose of dual pane glass. 

In other words, Grandpa purposely didn't deal with the mortgage lien on the property as grandpa was in fact the mortgagee which by causing a default benefits his personal interest as the mortgagee by creating a barrier to reinstatement for lack of debt service and the excessive accrued interest.