Hi AllI'm on my neighborhood association's problem properties community and we are tracking a large property in Kansas City, owned and managed by an out-of-state investor, who is delinquent on taxes and has multiple housing and health code violations.

Well, last night during dinner I officially got "served" foreclosure papers. 

Networking with other investors and seeking advice from financial advisors can provide valuable insights and help you avoid common pitfalls.Keep an eye on your financial health by maintaining an emergency fund and avoiding over-leveraging.

Currently my husband's parents own the property but need to sell due to declining health. 

I.e. what if one doesn't get along with the other-Any benefits to trying to officially convert it to a duplex with the city if it is zoned to allow MF?

There is strong data that correlates lead exposure with health problems. 

However, if they do, they are likely just 'okay' with it and would likely leverage the 10-07 market rent analysis on the appraisal to actually calculate and determine the official DSCR during Underwriting.Hope that helps, if you do have a tenant who is willing to be flexible, the 12 month is always the safest bet.

This is a normal procedure and the business type does not officially matter for this strategy.  

Try to get tenant B to sign the lease before he gets the keys from tenant A, and try to do another quick inspection before tenant B officially moves in, which becomes the move in condition report. 

Zoning make sure its zoned  then health department for waste disposal.