Since there's a disclosure form specifically related to the seller's obligation to disclose...I think your best bet is to just have a long enough period of time and do your own DD.

I suspect you did not have representation when you went into this deal the time to  pull a preliminary title report is before doing it now is I bet going to show this seller owes money and he probably or maybe does not have the funds to clear the mortgage off of the property so he can deed it to you free and clear..

For her the best bet might be to form her own LLC and have the two llcs take the property has tenants in common.

What you would do also depends whether you are investing actively or passively.

I'm thinking my best bet is to pay them down as much as I can.  

I'd suggest going to meetups to network with others as well as being active and asking questions here to help further your knowledge and get going with connections and building your team up.

Back when I was an active investor a lot of people would go into deals on a "contract for deed", I never would do that, then or now.

I am currently active duty Air Force and I am getting ready to move to Las Vegas for my next duty station, I'm originally from small town Iowa and currently living in Texas.

That’d be worth 3-5k to you I bet.

Kevin Flinn with Platinum is an active investor who connects new, seasoned and fence sitters with great deals.