Fled home, but all publicly available info still has that as his residence.Scenario #2)Owner took out home equity loan before passing away about three years later. 

I had always thought that making a public record of personal debt might violate credit laws but the clerk's office didn't know anything about that.I'm kind of stuck here and unsure which way to go.

In the operating agreement it stats who is responsible who can take out loans, what can be completed.The fast and short story is some people think this will protect them, but when the lawyers gear up, everyone is sued and everyone will be foreclosed on if it goes south.

I already spoke with @Phineas Howie about this earlier but will publicly state my opinion for the benefit of others.I do not consider medical collections because they are extremely common and I have no way of knowing what stage they are in.

Are you using an agent with a real contract to ensure you're protected and have a safe exit clause? 

if you're gonna pay them something have an attorney write up a formal "release"it will say that you are not admitting fault and they can never hold you responsible again for these problems or any other problems related to this property.negotiate them down as much as possible because if you messed up at all on the sellers disclosure you could get hammered, and nobody wants to go to court over a few bucks anyway.the release will protect you against any future claims!

It’s about protecting the public.

I am a new wholesaler working my way down a list of property owners that I obtained through public record.

If it weren't for this newfound awareness of liability and release, you might not otherwise thought of it, so you can thank him for reminding you to protect yourself.

They may not do full public offerings but they very likely are taking outside capital.