The majority fail and inheritances are lost regularly due to horrible decisions. 

Injuring someone in an auto accident is much more common than a large Liability claim at a rental property.  

Since purchasing with the intent to live in it while we fix it up we have taken our time with the remodel starting with the 3 bedrooms, 2 bathrooms, and family room that we aren't using regularly.

or a small claim would do it?

Other lenders and claims can step in front of the lender by placing liens on the property.

Look into home warranties and determine how long you have to wait to file a claim. 

@Paul Stewart I would amend to the lease as soon as possible, that the tenant has to pay for regular pest control service.

We of course will also work with regular listing and purchasing of homes. 

@Sam Nadar what about a regular conventional refi and do another FHA on your next one?

The 3 Children would potentially have claim on 50% Of the property value.