Going two - three hours out from my location might be a better bet.  

I also agree your best bet is to connect with a local REIA and find Private Money Lenders.  

Maybe grad students, professors, etc. would be a safer bet. 

In some places you can view the CO online.So, if you received a copy before closing and didn't check that is was a 2 unit versus a 3, or that permits were requested but not closed properly, then that's a due diligence problem.

Your best bet is to ask a property manager since a realtor may not give you enough honest answers - they are trying to drive sale.

Love your message, I'll bet you receive a great response rate with this.

There are many different opinions but I would like to ask some of you for your methods for hedging your bets for a downturn that may happen in one or twenty years.  

Since they owe you rent, it's a safe bet they're not getting anything back, but you STILL have to send an accounting of how you applied the deposit within 30 days.If you do not do this, you could be liable for up to three times the security deposit, should they decide to sue you.

If you have a tough occupant, I am less worried about the time it takes to get them out than the damage they may do while they are in the pending getting kicked out.Best practices: find an agent who works the foreclosure circuit and knows how to assess the property in terms of it's renovated value versus upset value and potential first bid price.

The owners of the LLC would guarantee the loan making it a safer bet for the lender.Hoping other members can fill it the gaps I left open...Best of luck to you!