Awesome, thanks for the info on both the meetings and that event @Drew Fein @Benjamin Lapidus.

This way you will be made completely whole in the event of a total loss. 

were I don't think you can do that in a corp.you trade the SEI tax for the event if you have a crummy year.. you can go back and get whatever tax's you paid back to offset that years loss's I know for me personally when the world came to a near end in 08 to 2010 and we had to take back loans that we lost on and sell props to pay banks at major loss's I was able for 3 years to claw back to 04 and get almost all the tax money I paid in the way of refunds and it was substantial low 6 figure refunds annually for 3 years.. helped me ride out a crappy economy.  

As for drugs, it may have occurred many years or months ago.

You'll want to keep money in reserves in the event that one of your rentals cannot wash it's own face (evictions, excessive repairs or damages, etc.)

Capital expenses will occur.

They might have a good feel for what might occur based on how past cases went locally where the property was located. 

In the event she needs to move, it will be much easier for both of you.

After using it many times in the last 24 hours it occurred to me that the following enhancement would be cool:  financing options for the rehab effort. 

With regards to holding time for a rehab property, I would be conservative and expect at least 6 months of holding time in the event you run into any surprises.