@Leo McDonaldHi Leo,On a side note--Your also going to need a pool of "Working Capital Cash Reserves" as soon a you take over, to handle business sags (to prevent you from going out of business).2 Questions for you.

Similar to what @Erik Whiting mentioned you may be able to have it recorded so that you can help prevent it selling elsewhere and secure your transaction.

If the unit has been inspected, but not deleaded, you also cannot do any construction or remodeling in the unit, they consider that unauthorized deleading and it will prevent you from ever getting a lead cert.

Do intuitions have a “seasoning time” before it would impact your credit, safeguards to prevent this at all? 

However, it's rare as the entity member could then sell the entity to a new party and thus remove their personal liability to any past debts, which is why most loans have an "acceleration" or "due on sale" clause that would prevent the transfer.

Is this possible to do in the same cityDoes the irrrl count as a va loan since va back 25%Will having multiple mortgages prevent me from getting another va loanIf this would work how many time would I be able to do it?

The 2017 law prohibited cities from *preventing* AirBnB altogether, but they are allowed to place restrictions.

You'll probably never see a dime of it but at least it sits on their credit report for a long time and perhaps prevents them from screwing someone else over.

Even if he has a truly legit, sympathetic explanation for why he fell on hard times, it's best to take responsibility anyway - maybe tell what he learned and what changed that'll help prevent a repeat occurrence. 

Hi jenna,They will at a minimum maintain the asset value.If the paint or roof is to a point where it will allow the structure to become damaged they will pay to have it fixed.If the house is extremely high end they will pay to have the lights on all time or pay to have the windows boarded up to prevent damage and theft.I am aware of someone who used to be a general contractor for lender foreclosed SFH's and he said they would do certain repairs on the inside on some of them also.What's a "Full Reno" to one person might be something totally different to another.Without seeing the construction punch list you have no idea what's going to take place.Good Luck!