Building is in great shape - metal siding, metal roof, new HVAC unit in 2018.

I am up in the South Hill area and not in the valley so it may be impacted less in that aspect. :)Speaking of Mt Rainier, I just summited this last July and highly recommend!

It is a great place to meet new friends and learn about various aspects of real estate and more.Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersWishing you the best!

They never cover roofs. 

I have yet to see regulations in any aspect lead to good or an improved state of living.

So the requirement must be from some other aspect of the deal....funds are coming from a 1031 or SDIRA etc that is driving this requirement.As far as the contribution/buy out idea and being dilluted, I don't see how that is any different than your original proposal.

I was worried about the slab foundation and flat roof.

Go out logging with her Dad.... myself I always had roof over my head and water heat and toilet..

I can see a potential gate keeper like we are seeing a little bit in wholesaling out here on the west coast where the title companies are making the wholesaler disclose all aspects of the transaction to the seller before they will issue a new policy. 

@Claudio Garcia Zuniga, there are so many aspects that I can highlight, but long story short, renting the home will be way less of a hassle than rent-by-the-room; however, your return will not be as significant.