The title company won't accept this either.The current owner has been trying to get in touch with the prior owner's family to issue a mortgage satisfaction statement, as the prior owner / lien holder passed away some years ago.My questions are, if we do get a statement from the family, is that sufficient proof of mortgage satisfaction as far as the title company is concerned, and is it enough legal protection in case the family changes their mind down the road at some point?

This would be rents from the other 3 units.If this is a 4 unit property it must also meet the self sufficiency test of FHA which is if you were to rent out all 4 units on a gross rents basis that there would be enough to income to cover the PITIA (prin/int/tax/ins/assessments).FHA's rule I found was a bit vague as ive talked to different FHA underwriters and my head Gov't policy underwriter but you can have a maximum of 7 financed properties including the proposed property youre trying to purchase.

So that means minimizing your out-of-pocket.I'm generally in favor of maximizing leverage if you can get long term fixed rate financing, AND your property income is still sufficient to absorb the ups and downs that can occur when owning rental property.

There are issues such as elderly/handicap access and sufficient parking but on the most part, can't office buildings easily be converted?  

Also, a credit score is not sufficient to make a decision on.

They don't generally make sufficient income to afford professional management. 

As others have said, lenders want to see sufficient sponsor/investor capacity to support the asset or at least not burden the asset with other problems in their world.

We normally don't allow pets, but he provided sufficient documentation that it was a service animal, so he was allowed to keep it.

They should cooperate provided you allow them sufficient time as opposed to be facing a eviction that would be attached to their records.

Because there is sufficient equity we have offered to pay her some $ also.How do I get a quit claim?