@Eric Black I'll have to see if I am able to convert it into a self-directed IRA and check out the forums.

As to buying their beneficial interests, it's a black box, pig-in-a-poke situation as you really don't know what their equity in the estate or trust is most of the time.

That isn't a black & white question as much as we'd like it to be.

Insurable interest is just a fancy way to describe continuous ownership, which they perceive to have been severed, via their black-and-white perspective.

:(I'm literally in a black hole, I have no idea what's going on.Anyways, I'll have to read about seasoning as I'm not sure what that is.

-blacked out of course) .

For example, you buy the place and the tenant could claim the Seller allowed them to paint the walls black or that their security deposit was twice what the Seller claimed.

I believe there is still a ton of growth potential in Larkin, South Buffalo, First Ward, West Side (Niagara St), Medical Corridor, Black Rock, etc. where you might still see those 20 - 50 % increase in value over the next 3 to 5 years...

If it's self contained, don't forget about pump out fees for gray and black water.  

That being said, I think by the end of the renovation process we should be in the black as far as equity is concerned.