@Lucy AhlI am not taking sides here, but it sounds like there are quite a few things amiss from both parties. 

I’m a business owner and aspiring real estate investor looking to learn, grow, and connect with like-minded people.

I've had rentals for awhile now, but this is the first time something like this has come up. 

Between strict public record laws, limited access to data, and the way certain counties handle records, finding motivated sellers can feel like searching for a needle in a haystack. 

•Instead of transferring the title, consider using strong landlord insurance, an umbrella policy, or a land trust (with your LLC as the beneficiary) for added liability protection.Your FHA Loan Potential for Another Property•Since your first home is already a rental but was likely purchased with an FHA loan, you may still be eligible for another FHA loan—but only if you meet one of these conditions:•You relocate at least 100 miles away from your current home.

Most likely galvanized pipes. 

I would like to interject, while data drives decisions, one of the first things I'm looking at is the location and surrounding area. 

You're sounding more like @Michael Plaks every day. 

I’d like to get my feet wet with a flip or two before transitioning into long-term buy-and-hold properties.

Lemos:  Interesting.. does not sound like a secured interest in the note.. kind of like how Peer st. had their partial interest done.