To help you pull the trigger feel free to message me or you can even call. 

From the frank and dave manual, frank says that a lagoon without a permit may trigger an immediate park closure.

Always nice to add another local to the mix.Let me get your opinion on something - what was that "trigger" that got you started down this path?  

A Beneficial interest can be assigned to a third party, that is not a true sale of the [real] property but may be recognized as a sale for any mortgaged interest secured by the property which may trigger Due On Sale.  

Here a sale doesn't trigger any reassessment.

If he can't, that would eliminate this option.Based on the information you have provided, a couple things are triggering for me: He is willing to "let it go for $86k".  

Before work begins under this Contract, (GC) shall furnish certificates of insurance substantiating that (GC) has placed in force valid insurance covering its full liability under the Workers' Compensation laws of the DISTRICT OF COLUMBIA and shall furnish and maintain general liability insurance, and builder's risk insurance for injury to or death of a person or persons, and for personal injury or death suffered in any construction related accident and property damage incurred in rendering the Services."

Should I pull the trigger on this deal?

Unless and until you identify the catalyst which triggers a reason why they should care, you're working too hard to buy from unmotivated owners.

For that coverage to be in force, the federal government must identify the cause as a terrorist act, which triggers all kinds of other things.As a result, insurance companies specifically exclude terrorism on their policy forms.