If you are a partner with the TK, and they are the "boots on the ground", then your TK partner "can" (it's still an option) find the replacement.

Could someone just have filled the basement with sand and boarded it up, or is it possible that the foundation is built on ground level? 

Rentals work best with LLC compared to S-crop.Also, Series LLC will be better for Buy and holds.

@Manuel Martinez Yes presuming ground leases are legal in your state. 

The sellers are using the newly remodeled interior to justify ridiculously high asking prices compared to comps in the neighborhoods.

,Here is the text from some prior posts I did that will give you lot of basic info:When deciding on a property here are some things to look for from an Insurance prospective:1.Any in-ground tanks (active or inactive)2.Any Knob & Tube or Aluminum Wiring3.If built before 1978, does the building have Lead Safe certifications4.Any wood stoves or secondary heating units.

I would also compare those two quotes to check for any coverages that you can cut on or that seem out of norm from the others.

Even with flips they have failed the septic for non-issues which were eventually corrected on their end but caused further delays.A solution to that could be keeping the power in my LLCs name but enforcing through the lease that failure to pay for electricity will result in a 5-day notice and therefore being ground rules for an eviction.

Not exactly an investment since it will eventually be a primary residence, but we may have a few ways to generate some monthly income before in the meantime (and possibly have some small part of it function as a light income property with we finally break ground).Couple newbie details in case anyone has any insight.

If you did not do regular inspections and did not know about the damage you have no grounds to claim now after 5 years.