It had everything I was looking for, could be zoned as a hotel, qualifies for Historic Tax Credits, has lots of history, and room for 14 airbnb units!

Commercial, but doesn't operate as residential, nor should it.Short-term leases (with 11 mos history) vs. annual leases. 

All my investments are in eastern NC and the triad is the next market I would like to enter before venturing out of state. 

I am clear on all listings (in capital letters), as well as on the phone, and in person, that NO history of evictions is acceptable, no matter the circumstances.

Among those conditions are the following: no history of serious crime at the property, no history of volatile occupancy swings with the property, and that the acquiring owner and new management are considered “sophisticated” relative to the current ownership. 

Of course, I have not reviewed your contract, nor am I privy to the transactional history, documents signed at closing nor representations made. 

What did their credit history look like? 

@Danny Uyematsu btw I have a solid 2 year work history since i moved to Az

@Dominic FrascaHey Dominic, welcome to the site.I am in Eastern CT.

In California it will show the owner of record and a fairly reliable history, so if Joe Smith bought it and put it in SmithzoneWorld LLC 5 minutes later, you will see that Joe Smith was the owner of record for 5 minutes.