I am curious if there are any Milwaukee area developers on this forum.

New developments are, it seems that second lender will accept a minimum settlement without info of daughter.

You have to be very clear with your Landlord, get it in writing, ensure the home is zoned for short-term rentals, and get the property insured properly.

Posted from the phone app and it did not give proper paragraphs making it a bit tough to read.

The new measure is aimed for the November ballot and would certainly be worth paying attention to as it develops.

You should ask for the leases and read them to see what exactly you are inheriting to better understand what you are on the hook for.As far as the past due rent, not sure why the owners think that you should be on the hook for them not enforcing a lease agreement properly, but maybe you can make a deal with them that passes on the $200 per month as long as he pays it. 

Here's a link to the page in the city's website, if anyone is interested:http://www.hartford.gov/dds/232-development-servic...

We developed a budget that would allow us to save enough money for a down payment on a construction loan at the end of the five years.

If you analyze properly, and buy based on that analysis, any "downturn" should impact you less than others, and in fact, set you up to be empowered during that "downturn".The Risk Controls you put in place, and follow, for the "upturns", should have the same control during a downturn.

Short answer, if the HOA foreclosed and now the mtg holder is foreclosing, you will indeed get proper title.