There is a 92.7% chance they are lying about the insurance.

At worst, fair chance of some quality mentors. 

If they do, you may have a chance under the scenario you're proposing - if they share your concern for it's condition (although that seems unlikely since they've been living with it the way it is for some time, it seems).If you own it, it's pretty lowbrow to expect a neighbor to invest in your property. 

Make sure you buy it low enough to make it worth the trouble.

Is buying a rental into a living trust a good idea?

Why do you want to buy 2 rentals a year?

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

What ever you're doing to find/buy/create deals is working.

Palm Desert Real Estate Market Update for Investors 🏡💰
For real estate investors—whether you’re just getting started or already scaling your portfolio—understanding local market trends is crucial for making smart buy...

Posts like this are part of my journey to learn, network & connect with experienced professionals like yourself who have valuable insights to share.I also want to apologize for the late response—it’s been a busy few days, but I didn’t want to miss the chance to thank you for your input.Looking forward to learning & growing in this space & who knows, maybe one day I’ll be offering you in on an investment idea or I'll be the one offering advice to new investors!