Add the Trust as additionally insured on the new policy.The complication is that the seller no longer holds any interest in the Trust, LLCs, Deed, or Settlement Statement, which my broker says prevents them from being added to the new policy.

Additionally, the property’s location in Rolling Prairie, IN, aligned well with our investment strategy, making this a promising project for collaboration with our partner Ron Rowan.

Here are some initial important questions, in addition and in line with what my guy @Andrew Freed said:1.

And I would also get access to their team of financial experts on how to build additional income streams such as franchising.

This often only works with large properties where you are raising north of $1mm in equity, otherwise the legal fees eat up too much of the overall deal to make it worthwhile for anyone.  

In addition to above, consider utility entrances.

Selling your property now will incur commission fees, so you’ll take additional losses on the transaction.

Please shoot me a text or email if you have any additional questions or interest in deals (contact info is listed in my bio). 

The estimated cost to finish the basement is around $25,000, with an additional $24,000 needed to complete the rest of the property.

If the landlord was aware of his past, yet rented to him anyway - any lawyer worth their salt would make a nexus between those two pieces of information and create a liability claim.In addition to the extreme negative press you would get, it also takes time, money and energy to defend a lawsuit you will eventually win.