Otherwise you’ll have find out if the buyer violated any disclosure laws, in relation to doing the sub2, and threaten legal action if they default and refuse to transfer title back.

I have had really bad luck with accounting services and I am looking for an experienced accountant that is familiar with real estate and who also works with legal so I can mesh accounting and asset protection. 

What kind of legal entity should I form?

If its the health you are asking about, I think the HOA can tell you how many units are up to date vs behind vs legal action being taken.

A good real estate CPA will know how to manage the relationships between the various financial and legal professionals you work with.Best of luck!

There are many concerns here, and restrictions that vary by company based on the age and renovation history of a property.Valuation method: Actual Cash Value will deduct depreciation over time from your claim settle (which can be thousands of dollars), while Replacement Cost Value will not deduct depreciation, and will almost always result in a claim settlement being larger by several thousand dollars.Theft Coverage: How does your policy handle theft claims?

@Aaron Klatt I understand there is potential liability; however, I am not asking for legal advice.

I have asked the Tax Assessor Collector personel for help, they couldn't, so they sent me to their Law Office that takes care of all legal matters concerning property Tax Auctions, and they told me they can NOT give any advice and that I should hire an attorney.

No legal advice sought, only opinion.

Inspection restrictions or limitations from the seller.