I’ll peel in deeper to their books shortly and get a few inspecitons(Alta, phase 1).. my backstop is my ability to sell the business alone if all goes south or worse comes to worst, I can run it myself.

ALTA - R coverageALTA - Homeowner Policy of Title CoverageALTA - Owner's policy

In Michigan and most other states your title policy on non-owner occupied will only go up to the purchase price, not the after repaired value, aka Expanded Policy.I believe you can get a policy for the ARV across the country and in a standard ALTA form policy. 

This means that upon your purchasing the property, they guarantee that there are no encumbrances on the property, aka liens, tax liens, outstanding debts, or if you get an ALTA, encroachments on the property.  

. | By BAKER | 20201124025 | Leagle.comYou should keep in mind this situation should not arise now since the definition of Insured in the current version of the ALTA Owner's Policy includes entities created by the original insureds and which they are the sole members/owners. 

Something like, this lease can be terminated with thirty days notice in combination with a closed real estate purchase (HID, ALTA, whatever) prior to the lease term end date.

There is a Multi unit north of the Alta Vista area (North of Frayser blvd).

Is it an ALTA survey they are requiring?

Preferably a Alt A loan, but also willing to go conforming as long as the appraisal comes in high enough.

The neighborhoods adjacent to those are starting to pickup but it's slow (Lone Star, Five Points, Beacon Hill, Alta Vista, Durango/Roosevelt, Denver Heights).