I always get their insurance and licenses to be sure they are up to date. 

@Sammie Baker - if you're using conventional financing (FNMA/FHLMC) you are required to have a 6mo seasoning period between acquisition date (deed) and the new note date (closing). 

The previous owner mostly took care of the outside, but the interior is pretty dated and there are a lot of little things to do.

On 3 separate occasions, the appraiser gave me their word that I would have the appraisal back by a selected date.

You can also use less then 2 years SE if the previous year is enough and your year to date profit and loss is not less or declining from the previous year. 

In the letter, we tell the tenant who to make checks payable to, where to deliver the payments to, the date the rents are due and date the rent is late.In the introduction letter we tell tenants we intend to improve the property and we tell tenants that we want them to contact us and report every maintenance issue asap.As for taking over any property, there are always a hundred improvements that can be done within the first few months.

I won the case, but it took exactly 5 years to settle, EXACTLY, from the date the lawsuit was filed and I did not win money in court.

So technically 50% but very dated and needs some updates.

That one have several owners dating back to 1948. 

The only thing we know is that an adjuster is coming in the next couple of days.I am not willing to close the deal until I have confirmation of the repair being completed or a paid receipt and/or verified date for repair to be made.If they continue to drag their feet, what are my options assuming I may have to re-lock on my rate or delay closing?