My background in real estate/rehabs has been full gut job remodeling houses that my parents have lived in as well as remodeling my current home, at one point I was a mortgage loan originator (helps knowing how mortgages/financing works), and I'm currently in the process of getting my home inspection certification to help identify issues for my own benefit was well as generate additional income.  

The certificate of sale isn't issued until 10 days after the funds have been issued, but not title.  

The home did not have a Certificate of Occupancy.

I took action and got the required elevation certificate ($575 later) to provide to my insurance agent.

@Samari RobinsonThe seller is responsible for obtaining certifications.

I know he carries insurance of some sort...I have seen the certificate but I didnt look closely.  

Make sure they look into getting a Mortgage Credit Certificate if they use a VA loan.

There wasn't a Certificate of Occupancy available online, but I pulled it from the Dept of Buildings to make sure that  I wasn't wrong.Either case, when I purchased the building, I immediately re-appraised it as a 4 family so I can get a 2nd Mortgage.

One school of thought is to learn everything there is about property management, get all of your certifications, and manage all of your properties.

You'll need Virginia's equivalent of the "Certificate of Good Standing" for your LLC.