This can give you insight into what to expect and whether any issues might arise.Lease Terms: Review the current lease terms carefully.

Regarding the insurance you will need to review your documents and talk to them, but most of those won't cover residents to go to a hotel when they are tenants.

Congrats on your success John.When buying an apartment complex, most lenders would prefer you have a brand-new LLC because they do not want any contingent liability from what happened in the past with that LLC. 

You have promised the lender that the money is secured by real estate.

I highly recommend using local lenders.

There are a ton of property manager with terrible reviews. 

For example, I've seen where a hobbyist investor/developer works on project, they hire an engineer and/or architect, but they ended up missing something vital, i.e. drainage issues, environmental, fire dept review, planning the wrong type of product for that market (buyer & renter demographic), etc.

I may never buy a building with iron pipes again Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Understand Your Assessment: Review your property assessment carefully to ensure its accuracy.

My market its very rare to see seller financing because people do not want to be lenders they want the cash and walk away.