As you get further away from standard real estate practice, the risk is increased by a “legal” risk that your protection may be interpreted quite differently than you expect by a court and that the subtleties of the protection a mortgage or trust deed document provide with established law and court decisions handed down for (in the U.S.) 250+ years is not existent. 

Title underwriters are wired differently and see risk that’s either invisible to us (due process noticing, etc.) or non-existent (odds of an heir born in 1850 objecting to a petition in open court). 

Its like going to court without a lawyer.

If it's in a condo complex then there should be some kind of flood insurance for the building wrapped in, you would only need a "wall-to-wall" policy. 

Truly, finding good people is difficult with an added layer of complexity when you cannot physically meet them   Or go see deals in person.

It was a large number of condo buildings throughout the area, not just one complex.

Making decisions as applications come in is a very good way to end up in court. 

You can brag how your Sub2 are all great grand and groovy but fact is your 1 event away from a forced liquidation event. 1 court ruling on Sub2, 1 event where lenders do look-backs and enforcement, your goose is cooked.

Sub-to is complex enough, and adding a LT adds a little more complexity to it. 

Here in PA, the local website we use to check evictions is https://ujsportal.pacourts.us/CaseSearchOur Allegheny County Department of Court Records website is: https://dcr.alleghenycounty.us/If you live somewhere else, it's something else.