They currently have under $1M in leverage on the assets but are looking to get a line of credit / portfolio loan to encumber these properties or other properties they acquire.

It's crazy to me that someone would buy a property halfway across the country from a man who appears to have lied and contradicted himself over his entire real estate sales career. 

That’s all I have to say.

You have a lot of info on this page, but we have listed units like this before.

your loan officer is nuts.you can have multiple lots/parcels on one deed..

The issues, such as they were, have been fixed.

And yes, sometimes you have to pivot depending on other parts of your portfolio.The issue is that a flip is higher end finishes and amenities than a long-term rental so you could overdo the market if you have to rent it and get less of a return for the finishes.

While it is not certain, all aspects of investing have risk.  

I am open to hearing your POV, experience, and any businesses that have created a single listing page for you.

The pipes have to be dewinterized so I would have a plumbing professional there prior and when the water gets turned back on just in case.