Your description of the process is precisely what the lender would do to "come after" your assets.

In investment banking we typically work with companies who want to do a private placement via Reg D.

Coming in late here to defend both my city and proper decimal placement...a .0013 chance is 1 in 769, not 1 in 76.

Was the case worker involved in the placement of the tenant?  

Such as what, more precisely?

They can answer all your questions.You will need a CPA to answer your IRS questions.And, yes, it sounds like the company you found was offering a private placement, which means they had engaged an SEC attorney and likely have filed documents with the correct government agencies.   

I ended up having to do just that precisely because of the reason you stated above.

Proper mitigation of rain water via proper placement of gutters can very easily cure the wet crawlspace. 

After getting quotes from multiple property management firms in Tampa, prices are way more expensive than the prices I pay in Boston (~6% in Boston versus 9-10% plus a tenant placement fee in Tampa).

I not only started competing with other investors, but also with a large group of future home-owners trying to score a house in a great school district for their children, and precisely because they are not investors, they only have one worry, and that's that one specific house they put their eyes on, and they won't care to overpay or buy as is.