They need to disclose the fact that they are a wholesaler and middleman with no intention or ability to buy the property.

If you have such a default clause, you may have some ability to fine the tenant, and then add rules for animals from that point on.Perhaps the current contract needs to be closed.

If you want the property to be appraised according to its ability to produce income, they might decide to use their regular criteria for income-producing properties. 

Us taking over will solve her financial situation as well as give her the ability to start fresh. 

Will it hurt my ability to obtain financing significantly?

We never planned on flipping, but it's difficult to ignore the opportunity, especially since it would be just about all tax free cash.Anyway, the other option is a equity loan to buy some investment property, which I may try, but we are purchasing some commercial property for our business and I think this large comm property loan will drastically affect our debt/income ratio and our ability to take an equity loan on our house.

(hence your ability as a landlord to depreciate these things on your taxes).Yes, ACV policies are less and you can weigh your equity v. principal owed v. age of the house materials to determine if an ACV policy will pay off the lender's interest in the event of a large or total loss but this may leave you with little or nothing.

The most important to me was the ability to network with other agents.

(or to the best of your ability to judge).  

I'm not trying to be a downer by asking this, but as someone wanting to jump into the game, I have some big concerns regarding buying now and the ability of GTA (and outlying) properties to produce cash flow.