I was thinking about a double close to solve that in a technical sense (lender sells note to capital markets so they may or may not be ok with a technical workaround), but anything else stick out off the top of your head?

The value of the trailer is so low and the title is lost that no one wants to deal with it, everyone is worried how much it will take to demolish and remove.My background plays a role in my situation, I've been in construction for twenty years and know I can fix this house for little cost (5-7K). 

While I don't know your personal capabilities or background, the objective should not be to merely purchase real estate, it should be to execute on an opportunity where you do right by your capital providers. 

I am a longtime landlord that has normally just rented my unit to individuals after I complete my normal background and credit checks. 

I have outlined some details below and would appreciate any insight.Our background:  We flipped properties from 2018-2022 and are still licensed general contractors and real estate agents, but have not been very active in either the last two years as we both took W2 jobs in 2022. 

I would also make sure you perform a full background check on both of them prior to approving them.

Technically there are 7 ways, but for our purposes, we want to pass one of these three: 1. spend 500 hours materially participating in the rental activities 2.

Unless you have a strong construction background, I highly recommend you do not undertake this work on your own.

I have systems that I like for everything else, so I don't care about applications, leases, background checks, etc.

Speaking as a former Home Inspector, I would try and find one that has either a building or engineering background, these guys/gals will give you the most thorough (and least alarmist) view of the property.Ask to see one of their reports....