We got under contract for a price that works for both of us (we haven’t closed yet).But when title came back showing open judgments from previous sellers/owners (who had the same common name as the debtors) the current seller was unable to find his old title policy indemnifying him and the property against said judgments.So I contact Green Tree to see if they would give us a copy of the policy.

You may want to include a stipulation in a building policy that nothing should be stored within X inches ( it will be in your installation manual) of the equipment, the thermal overload may just be defective like he said.

Your going to want to make sure you can be contacted easily if and when this happens so you can get paid so recording a notice in the publiec record is good policy.

I do not know if it applies to a non-primary residence property or the organization policies of the institution that will approve the equity line of credit, but I was specifically told by Wells Fargo that I could get a line of credit loan after one-year of living in the residence.

So, I don't know if they have odd policies or what the deal could be?

Which is why it’s so important for investors to look into the right policy for their circumstances BEFORE they complete their purchase.

Their pay pattern seems at least partially decent for the rent rolls the previous landlord actually kept up with, but it appears to be in cash, which is against our policies. 

Perhaps more importantly, since the price point is consistently set across the board and in most cases insensitive to prices below the compensated amount (they don't get keep any money not spent, although there are new exceptions to this rule), being at the high end is a sort of insurance policy.

@Faisal Farnas I wouldn't make it an eviction issue however I'd take a look at the lease agreement and if you have a "no smoking" policy in place you need to enforce it. 

An umbrella policy may be sufficient for you to get things going, but the soundest strategies will come from those who help with entity structuring for a living.