From what I remember, they addressed all concerns such as insulation, insuring them, or anything else that might come up without relative problems.

I’m fairly new to the self-managing/property management business and certainly new to dealing with section 8 tenants.I have a potential section 8 tenant who has inquired about one of my properties and they are in their opinion “disgusted” with the way the carpet looks however up until this point in my efforts of marketing the property I have not had one complaint concerning the carpet.That being said she has requested to rip out the carpet, in turn to replace the carpet with hardwood floors. 

If I HAD to pick one of your 3 options, I'd probably go with option 3 because it's likely the one that you can achieve the quickest... especially if you aren't concerned with cash flow. 

You can:* accept as is (or ask for credits)* demand the seller fixes it and gets town sign off* demand the seller rips it out (e.g. an illegally finished basement)In theory, these changes should be grandfathered in and aside from legitimate safety concerns (e.g.

The house is my mailing address, all the utilities are in my name.

As far as crime is concerned there is a lot of problems with crime.

As I am not a spring chicken with my age..there are always concerns about "What happens if I die?"...

I'm hoping some 1031 exchange experts might know if it's possible to defer capital gains in this situation: I want to sell several  properties owned by a 3 member (all family) LLC (LLC-A) and sell one property owned by another LLC with different but overlapping membership (LLC-B).Buy a much larger property that would be partially owned by LLC-A and partially owned by LLC-BThe new property is one tax parcel with two addresses.

Since basic real estate investing principles are the same, where the group is doesn't matter. 5) LLC's are the least of your concerns at this point, insurance is more important.

The option contract itself should address liens, encumbrances, etc., but again enforcement may be after the fact.