I will proceed with a separate inspection.

I would proceed with caution.

You should allow them to terminate the lease without penalty....that is unless you want them to file a complaint with the housing authority, or the courts or some other entity.  

Not sure about Carol county but in P.G. county and AA county Maryland you can get a sale date in 3-6 months but then it takes the court 12-18 months to ratify the sale after the auction and for you to get title.  

Naturally discuss it with your local fire department first (they may nix the idea for a variety of reasons) and if you get the okay from them (and they can help guide you through the process), contact your CPA and attorney to find out what you need to do before proceeding with the process to be sure your ducks are in a row.Good luck and remember to bring really, really long skewers for the marshmallows!

This essentially will have you declared by court order to be the owner of the property and will allow you to get a warranty deed. 

A PM is an intermediary and their business is NOT refurb/rehab and if you elect to use one, they'll just smile and proceed without concerns other than you pay the bill.a) network with friends who have remodeled recently to get names and first had references - - one of these are work 10x any website review.b) learn as much as possible about what you WISH to be done vs what actually NEEDS to be done (ie know the needs vs wants problem we all have) as there's lots of cash between them.c) read up on contractors bid process in your state, the allowable deposit and how to make progress payments.d) set a completion date with penalties for missing it.e) a contractor must have a license; verify and find complaints. f) must have liability insurance and be bonded (this protects  you from him just walking away).

If the corporation is simply an "alter ego" for the person, a court may "pierce the corporate veil" and find individual liability.  

From what I understand, any proceeds for investing in your retirement account will like have to go back into the retirement account.  

This specific disclosure is likely the reason why any of my three investigations for unlicensed broker activity ever proceeded to a fine, or a charge (I've been investigated for it in Colorado, Washington, and Oregon).From there, you as a buyer are looking for another buyer that you would like to assign your option to.