This would include standard purchase agreements and related documents as well as a Rental agreement and all that you want to attach with that...such as pet/no pet and assistance animal policies, house rules for room or multi-unit rentals, utility responsibilities, etc. as well as actual Rental application and your criteria and process for reaching approval/denial and the required Adverse Action letter.

The seller needs to “wallow in his own sweat” to understand the adversity ahead.

@Richard Campbell Jr are you referring to an Adverse Action letter?  

I did have another thought which was to try to find a multi unit ASAP around 75k, maybe a distress sale that is already rented and try to live off the income and leverage that if things take too long with part 2.My wife is 'risk adverse' to put it mildly and is very nervous, I am too really.  

In every adversity contain the seed of an equal or greater benefit" -Napoleon Hill.

If you are risk adverse real estate, (especially out of state) is not for you.

I'd swung by the property that morning to see if it all looked similar, and tried to figure out the legal description, but was slightly guessing at that point.  2) impact of any adverse possession claims, I assumed the parking lot had been that way forever. 

My client mentioned the lawyer also did some research to ensure if they moved the disabled sibling from another state to Virginia in the future the medicaid benefits would not be adversely impacted.

I am very risk adverse.

On the other side, there are sponsors with full real estate cycle experience or multiple cycles who have experienced extreme adversity.