It’s business.

If I lived in a City like this, I would start a similar business. $3,000 - $5,000 to remove a squatter, and I can get them out within 24 hours.

There are far more important items you should be prioritizing but first so I am clear on the strategy, it sounds like the business plan is to go under contract, renovate the building and then purchase the building once renovated and stabilized?

If we are able to do business someday that would be a great added bonus!

We are also seeing a steep rise YoY in bankruptcies across all chapters (both business and personal) which is another indicator of not only the direction of the housing market, but the general economy as well. 

Was wondering how experienced RE investors look at that fact.

A GL policy can be obtained for your business.

I subscribe to The Business Journal, and they have a version of it with quality content on each of the major metros across the country.

Learn what you can from others in the business in your market.

I'm in Clermont, but do some business up your way fairly often.