Do you suspect them of criminal activity such as selling or distribution?  

I suspect the big corporations are buying any property there because it is dirt cheap right now. 

Part of creating a marketing system is to identify potential candidates (suspects) that appear to fit your deal criteria without much research.Don't too much research in the front end; only enough to fit and exclude the obvious.You basic qualification research only need occur when you have a principal who has expressed serious interest in doing business with you specifically and has given you signals that they are motivated to given something up in order for you to solve a problem.You due diligence (deep research) should be reserved for when you are in contact with a principal and you have the working of a transaction on paper. 

The water pressure is terrible and I suspect that the pipes are part of the problem.

But actually creating entities is easy in most states and I see no reason to pay an attorney or anyone else to do that for you.But I suspect you're doing this for asset protection.  

@Marcus Johnson I suspect the information you received in the first place was in error and it was a six month time line, not five years, to begin with.

We suspected one of our prior tenants was running a laundry service for their friends and family.  

I am beginning to wonder and suspect if all of the problems with my once docile portfolio is related to this change that was forced upon me and I'd like to find out how it has been for the tenants.Does this sound like a bad idea to anyone?  

What I have experienced when I went to this was very suspect.

Payoff the loan, they may discount the payoff.I suspect you're aware of any rights of redemption of that HOA lien, might get with an attorney before you start paying off other liens. :)