Which level program were you involved in?

Good luck with the lawsuit - figure out a way to easily get the greater real estate development community involved since it affects everyone. 

Then there were some issues with the inspection report that ruined 3 contracts prior to me getting involved.

With your additional $100,000, you’d have a nice cushion to renovate or furnish a property like that.It really comes down to how involved you want to be and your long-term goals.

Most people cant afford that alone which means a syndicate or getting PMLs involved and doing the synd yourself. there's nothing wrong with starting with some smaller properties.

Keep abreast of the latest fraud techniques and adjust your criteria accordingly.Educate Your Team: Ensure that everyone involved in the leasing process understands the signs of application fraud and knows how to react when they suspect fraudulent activity.Legal ConsiderationsWhile it's important to be vigilant against fraud, it's equally crucial to conduct all screenings within the bounds of the law.

A lot of it has to do with location and time.If they are local owners looking at 1-2 LTR properties, I'll assist with identifying cash flowing/near cash flowing properties, assist them in the purchase as their buyers agent and assist with tenant procurement, listing, etc. but they can typically handle day to day management from there.Furnished properties, whether that be MTR or STR, are a lot more involved, as I'm sure you're aware of!

Quote from @Garry Lawrence: I need advice on a serious situation involving a property I’m about to buy.

There is so many ways it can go wrong and being a greater negative for parties involved. 

It's designed to protect assets in the event of lawsuits, negligence, etc. and it only applies when there is underlying insurance coverage.