So there is a finite number of voucher holders for now.

LLC taxes (I assume partnership) are pass-through to the LLC holder(s).

I have not been given any direction or instruction to do so by the note holder, but it sounds like he does not have the ability to give us those instructions personally. 

Those areas have many qualified tenant voucher holders that are not able to find safe, sanitary, and secure housing.

A foreclosure release would impact short term flippers more than long term holders. 

Backsplash you can do yourself (just make sure it is strait), freshen the wall paint, white ceilings, and install new towel holders, toilet roll holders. 

If that is the case there is no incentive or benefit for the current loan holder to do anything. 

Hard to take that seriously.I might now see what I can do with our website which is just a place holder.

If the last recorded deed holders are dead and the property has gone through probate usually there is an affidavit from the personal rep of the estate recorded at the registry confirming their ability to sell the real estate, or a new deed drafted transferring title to the appropriate person according to will or laws of intestacy. 

@Xavier Mc holder It all depends on what your business model and objectives are.