Hey @Liz Zack I will start off by saying that I am not an attorney and this is not legal advice.I do not know all of the details here, but it sounds like you are going direct to seller on this deal.

Thank you Andy-we are currently done with the repairs  and theu agreed to waive her their  as of now and is not charging us any money as she realizes she hasn’t been able to rent it .Also there is no contract ,  which after reading more and more on property managers is essential.

I'm hiring a property manager and the management contract requires a waiver of subrogation in favor of the property manager.

You can go after that.c) What does the Contract that you signed for the project have to say about 'Non-Performance'?

My question is, can I legally rent this space?

The only real way to create a "warning" is to pursue them legally to get an arrest or to get a money judgment - both of which will show on a background check.Although, all the tenant rights advocates are pushing to STOP landlords from being able to consider criminal history in tenant screening:(

. - We've found issues where owners was NOT on the deed and was scammed- We've also had to patiently explain to owners that since an LLC owned the property, that the management contract had to be in the LLC name and we needed proof they could sign for the LLC.2) Property Taxes: we make sure we know the status, to avoid tax foreclosure issues.- Took over several properties for an out-of-country owner last year that we're in the midst of tax foreclosure.

I should have clarified some of the things you pointed out though as that is common practice buying a STR anywhere to verify what permits you need and how to operate legally in the city.

Contract for deed?

It's also good for insurance and legal reasons, because you will need to indicate every adult and all persons, as well as details (like children, pets, etc.), on the lease.