While Jeff could be correct, you may want to check if your state may consider the transfer to you subject to debt as a fraudulent transfer (i.e. hiding the assets and retaining the debt so as to be able to file for bankruptcy), in which case the transfer may be nullified and added to the assets of the debt holder.

Perhaps I'm lucky, but in 18yrs operating my 6-units I've had only one claim and the Insurance CO & I both knew it was fraudulent, reactive suite due to eviction. 

Last week I had a seller remove upper cabinets to get an appraisal done, a few weeks ago I submitted a "freedom of information act" request for 100+ year old water records to combat a zoning mistake,  I have called/emailed/texted agents 20+ times to get a single appointment, you have no idea how much work goes into it.I did not use my license to take on clients until 18 months ago, and I can tell you it is so much more work than you can ever imagine.  

There is no getting around it, and I have heard that they do verify occupancy and pursue any fraudulent activity.  

Tom is a former military combat veteran, honest to a flaw and reliable.

Yeah you just have to be upfront with people in a non-combative way.  

They did not show up at the event and I don't believe you would ever see them if you bought the full course.The speaker was very combative and made sure that nobody else got an opportunity to talk and made an *** out of anyone who attempted to ask questions.

NormNot sure if this would apply in NC but here in MA I would try a suit about Fraudulent Conveyance regarding the transfer of the property to his wife.

Throw in some words like "fraudulent inducement" "deception" and see what happens.Please note this is not legal advice nor should it be construed as such. 

Insurance in Florida is going to be more expensive than most of the country due to our higher risk from hurricanes, sinkholes and fraudulent claims.