I know some of the mechanics are old and will need to be replaced soon, I’m just concerned about a city inspector coming in and making me do costly updates right off the bat, which would cost over $50k easy. 

Keep a collage and send it to the seller and express your concern about the deteriorating condition of the house. title insurance has nothing to do with this. 

In some states it is acceptable to mail it to there last known address.

Or you are concerned as comingling the personal asset? 

And search for an address. 

Can you send me the address when you get a moment?

I have discussed HELOC on this property, concerned with potential high payoff when I sell the property after repairs. 

It's good that you're concerned about successfully paying back your uncle.

You can order a Demographic and Income Profile based on the facility address from ESRI.

My concern is that what if the existing shareholders don't want to sell the shares, then, will they become a partner in the deal or just continue owning the shares equivalent to the apt sq ?