They are living in a market they are priced out of and look to Midwestern cities for lower entry prices.They do not have the time, ability &/or desire to be an active operator in the business of rental real estate.

Where I'm from we use tax assessments too.

Will they be actively involved in the deal as well or are they just bringing part of the equity and putting it in your hands with an expectation of a financial return?

If it's a business but the 1099-S is reported with my personal SSN instead of EIN, is there a way to retro actively change that?

A charge off is tied to the account of last activity, regardless of whether it's been paid off or not.

There should be a section or two in those docs which discuss dues/assessments (and the liens created thereby) as well as violations and how those become liens.

Then look at other active advertised rentals and find comparables based on area, sq footage, bedrooms, and finishes and see what the going rate is for similar properties.

In researching property taxes for properties to buy, I’ve noticed the combined assessed rates can be over 3% in some cases, particularly in desireable school districts.

@Tasha Pams, You cannot charge a finder's fee for finding properties unless you have an active Alabama real estate license. 

Would be nice to find out how you make that assessment.