How much below market are current rents?

Taking a deposit to secure the deal can be a good option, as it shows the buyer is serious and committed while also giving you the time needed for the 90-day rule to clear.

The investors get much more profit out of the property.Recommend having a very open conversation with your FIL, expressing your interest in potentially taking over the property from him.

I understand needing to keep bad actors off the platform, but would have assumed new ownership/management would have allowed it to be reactivated.

Is it doable - yes but you will need to go to a lender who probably uses their own funds vs. an instituational lender as they will not like 2nd position nor the low amount.

Hope your next steps are much more smooth and you can take those lessons and turn them in to gold. 

I've handed off my LTR to a separate PM and they want to be named on a general public insurance policy for the unit, but truth be told, I feel like I need a solid umbrella policy to cover the MTR and any claims against myself and husband as the owners of the property.

We were fortunate to buy a house that was almost entirely turn key so construction wasn't needed.

We also looked at it as a place to escape America if we ever needed to and if our jobs went sour, we still had income coming in.

I do not have to much cash for a down payment but was thinking of doing a HELOC on one of the rentals to get more cash and go the BRRRR method.