You will loose square footage because the walls will need to be 6", and you will need 6" insulated on the floor or perimeter insulation, which might necessitate raising the roof.

Does that still necessitate a mutual release be signed?

The only time you need to physically go to a registry office (at Service NB) is if you are dealing with a property that has not been migrated into the electronic land registry  {if there have been no encumbrances or changes on title since 1996, the property may not be in the registry}.When it comes to permit histories, work orders, ordinance or by-law violations, etc. these are still maintained at the municipal level (in the provinces in which we have operated) and privacy law will necessitate a letter of authorization from the property owner for you to access much of this information  ... the exception being work-order and ordinance/by-law violations which can often be accessed though a right to information request {just do not be in a hurry}.

Complicating matters is if the short sale subject property is more than 4 units, which in my opinion would necessitate using counsel as your agent instead of just an agent.

There are some very specific lending programs, such as mortgages for physicians, that would necessitate a degree.  

Purchasing an out-of-state tri-plex that is 117 years old as your first property (even if a lot of work has been redone) is going to necessitate a lot more diligence on your part before you can say it's "good". 

While a metallic footprint consistent with a large metallic object present, the absence of a fill pipe or vent pipe necessitates the need to excavate the area with shovels.

My take is that if the LLC obtains a wholesaler licenses allowing for the tax-free purchase of materials used in repairs and maintenance, those materials would be taxable to the owner of the property thereby necessitating the remittance of sales tax from the LLC to the Comptroller's Office.Could someone more experienced with Texas property management chime in and guide me?

This necessitated excavating more drywall to see how much damage there was, and, it turned out, the termites had been throughout the entire unit, even into the ceiling.

For multies that necessitate a commercial loan it is not as clear cut in my opinion.