If the deal works then I would execute but I would include remediation costs based on an estimate from a contractor.

Or, a charging order may be granted.If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

Plenty of pro's including easy qualification, low documents required for underwriting/processing, and just overall convenience + turnaround time, among other nuances that make it a great loan product.

@Kenneth Hynes - Not sure of the cost in your part of the world- but in the Omaha area, refinishing hardwoods runs around $2.75/sft, including the stain and poly. 

Call previous landlords... including two back (the current landlord may be incentivized to lie to get rid of a bad tenant).

Here is some background on the property: Description: 2,100sf(this includes finished basement), 1/4 acre lot, 4 bedroom, 2 bath, garage Info: I bought the house in 2020, the week that the world shut down due to covid and have a rate of 2.99%.

@Steve Smith I know using self-directed retirement accounts is pushed pretty big, but my understanding from accountants including my own is that people tend to get themselves into hot water with them. 

Given your circumstances, the following advice and considerations apply:Benefit from low interest rates, no down payment required in most situations, and financing for up to four units when you take advantage of the VA loan.A thorough grasp of your budget should include the purchase price of the property as well as any possible maintenance expenses and other related expenses.

@Alex NassarChoosing between single-family and multi-family properties as an investment strategy depends on various factors, including your financial goals, risk tolerance, management preference, and the real estate market dynamics in your target location.