Use a site like Propwire to find an off market home in your targetted area, if you feel inexperienced about the renovation talk to friends, coworkers, to find contractors that are trustworthy (key part) to partner with to make the fixes needed. 

One tenant however, did refer to having their rent pro-rated by the number of days that the situation would last.There is a clause in both their leases that they are responsible to carry renters insurance to protect their personal belongings against fire, theft, flood, loss of use etc. 

If title was held in your personal name this would still be happening. 

I had personal ties to the area and saw the potential in this once blighted property.

Do you want to go into the office and learn in-person? 

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

I'm not a talky person to start with, and also a relative newbie to RE investing.

Personally, I put my money into stocks and also I lend money for flips mainly in the central Florida area.

@Randy Person, is there an urgency to close this deal quickly?

Would it be under the business tax id number which would be brand new (so no history yet) or would it be through me personally through my own credit report/history?