I believe this was something That came up in a BP podcast not too long ago and also in a Tony Robbins book that helped a ton.It’s the alleged warren buffet and the pilot story (I would look it up for complete details).

I looked into AirDNA and came to the same conclusion you did along with many online reviews alleging the same.

@Cameron Skinner although I agree that over insuring can cause larger lawsuits not having any insurance is very scary just Google "piercing corporate vail" should scare Anyone that thinks an LLC will save you. 

Police just LOVE to hear the "but but but it's not mine, it's that guy's" argument...and then chuckle as they place cuffs on your wrists.Just a thought, but have you spoken to the alleged guilty parties about their recreational activities?  

Your advice is greatly appreciated.Yours to Cameron!

@Cameron Pendergraft I would try and work something to where they did use a 1031 into a KC rental.

@Cameron CrossleyMost major cities require licensing of some sort.Might have luck with thishttps://library.municode.com/pa/pittsburgh/codes/c...

If you have this estoppel then you can provide it to your legal counsel if and when it may be needed.The alternative is to threaten to walk from the deal unless the seller agrees to have escrow hold back this months full rent and the security deposits purported by the tenants to having been paid until such time as the landlord can leverage the tenants to comply in validating the information in the estoppel or the seller can produce documentation that supports their claim that no security deposit exists.If I were in your shoes and didn't know exactly what my legal standing is as a buyer under a contract for sale or post closing as a landlord with allegations of existing security deposits from tenants I might be evicting before receiving any rents I would contact an attorney post haste to get sound legal advise.

I agree with @Cameron Whitehead on owner financed and I would add subject to deals.

I feel like the immediate back of the property would be a likely spot for a tank, however that's one area that they are allegedly unable to sweep.