Reject Shiny Object Syndrome.

Can you explain more about a HUD violation and the strikes against you?

Explain what you want to do.

Again I'm happy to help explain in further detail or to put you in contact with someone I know in the midwest.

Or call sheriffs office, they should be able to explain what's is needed. 

@Tony Zhang what is your main objective with the insurance, to check the box for the mortgage company and see a large "coverage" number in the contract or ease of use when something goes wrong? 

You need to learn how to do all the math for real estate and there is a book called '50 Real Estate Investing Calculations' that every real estate investor should have, but the serious problem with every book is not one book explains how the value of properties increase when rents are increased and how to stretch the numbers out 5, 10, 20 and 30 years.

Can you explain to me how these options are decreasing my leverage?

Would this be a separate contract or would we be better off putting the property into an LLC with 50/50 ownership with a operating agreement that explains distributions and exit for the investor.

She had signed a new lease 2 months ago to stay in the apartment once his name was off the lease and explained at the time why she alone was renewing the lease.