I raised my kids as a single mother, quit my W2 job as a trial consultant, and was a FT real estate broker associate.

The seller has consulted their CPA but I am looking for a better understanding here. 

I would never do this kind of buy without consulting an attorney and having the attorney advising me if this is a safe way to purchase any property. 

Likely, the city doesn't have the resources to follow up on every single filing to figure out what ended up happening but I'd def consult w/ an attorney to figure out your next steps and be very careful about the conversations you're having w/ your tenants before doing so.Happy to chat w/ you offline to share my experiences w/ this.

I'm in the process of creating a regional brokerage for newer investors to get real help with acquisition, and consultation on STR, MTR and LTR success in the residential space.

Monitor and Adjust: Continuously monitor the performance of your investments.

I would like to not be liable as a foreclosure consultant and include that in the agreement.

I know because I monitor those markets, in addition to all national markets with over 100k population + strong job growth.If you can make the numbers work on your AirBnb strategy, you'll likely need to do a significant rehab to do so. 

You should consult a tax professional to help get it sorted and set up a strategy.

Whether you're buying or selling, consulting a local realtor is key to navigating the ever-changing landscape and achieving your real estate goals.