For all you know, she's smart as a whip and can easily afford $1800 but hasn't bothered to move because she enjoys her simple life.When you purchase with existing tenants, you should introduce yourself as the new Landlord on the day of closing.

I easily get mortgages for investment properties in Michigan with 20% down as long as you have a good credit report / score and a steady W2 job. 

This would easily turn this property into a cash flow negative in the current market.

We called Adult Protective Services and let them evaluate the situation, then they contacted family members and had him placed in a home.I also had a woman that was suffering from a brain injury after a car accident.

The county could have easily found me by simply visiting the secretary of state, looking up the LLC registered agent, and then contacting me accordingly (sending certified letter or personally serving me). 

., it could easily be above and beyond your umbrella policy.

I agree with the others: talk to mortgage broker and evaluate the options he gives you.

I’m not even sure how to analyze a deal like that, because I can’t put it into the rental property calculator very easily.

If you are evaluating a property that looks to have water/mold damage and need advice or an opinion feel free to reach out.

But, to show how useless it is, I could easily do a few cash out refis and have negative cash invested to have a portfolio wide infinite COC.)My main point was try comparing ROI or RoE it’s more “compatible”.