Quote from @Rich Davis: I know there have been posts regarding the ever increasing cost of insurance.  

I know a lot of investors from the west coast in California and Seattle, WA are investing in the midwest due to the strong cashflow and appreciation.  

I have mine for 1800, I’ve been receiving a lot of attention on and people have been touring it a lot, however no one has finally made the next steps to move in.

Our plan is to rent each of the 3 bedrooms of the main house as mid terms and the in-law as a long term (already have a tenant in there).

You can provide a formal cure notice to your LL/Management and if they don't address it then you can move to next steps.

@Randall Ayers did you ever get back in contact with next-financing?

If the loan is maturing in the next few months, the owner has no way to refinance at the current high rate, since the cash flow will not qualify for the double high interest rate.

If everything goes smoothly, I will pay you back all the overages of that double the escrow.I'd be interested what they would say to that! 

You can always search local tax records on your assessor's website. 

These are really questions for your attorney - the more typical scenario for a jv like this is you have a new LLC where you are the manager of the LLC and the investor also owns a percentage of it.that way you don't have to deal with transferring it etc.