I came to BiggerPockets after reading The Book On Flipping Houses, which was outstanding.

We've worked w/ her in the Illinois market but she works Nationwide.

This information will also help you to quickly "ballpark" an ARV on the flyIs there a mortgage and/or taxes outstanding?

For all those wondering, here is the relevant portion of Fannie Mae guidelines B3-6-05:"For all student loans, whether deferred, in forbearance, or in repayment (not deferred), the lender must use the greater of the following to determine the monthly payment to be used as the borrower’s recurring monthly debt obligation: 1% of the outstanding balance; orthe actual documented payment (documented in the credit report, in documentation obtained from the student loan lender, or in documentation supplied by the borrower).If the payment currently being made cannot be documented or verified, 1% of the outstanding balance must be used.Exception: If the actual documented payment is less than 1% of the outstanding balance and it will fully amortize the loan with no payment adjustments, the lender may use the lower, fully-amortizing monthly payment to qualify the borrower."

Provides that licenses shall be renewed every year using the common renewal date of the Nationwide Mortgage Licensing System and Registry as adopted by the Director of the Division of Banking of the Department of Financial and Professional Regulation.

They can have a bit more flexibility compared to the large nation wide banks/lenders.

The title search reflected a very old (2010) HOA lien on the unit in the records - the HOA has acknowledged that no payments are outstanding and were paid off in 2010 itself.

I got a letter from Nationwide insurance just before the contractors started their work.  

As a landlord you are able to obtain credit reports, nationwide criminal, nationwide eviction, along with a bunch of other reports (sex offender, county level criminal, etc).  

Finally as Matthew mentions make sure that there are no outstanding or impending liabilities to the business.Highly recommend that you work with knowledgeable and qualified professional who understand the details about mergers and acquisitions to best guide you through the process.