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Maybe used a conveyancer instead?

What happens if there is a major plumbing issue which is connected to all 4 units? Or somebody vandalises and destroys the letterboxes, fences, major roof problem, etc. This needs to be covered under the Body Corp building insurance. If no body corp insurance, who is going to pay for such...

Seems like there is no active Body Corp set up. You need to look into this. What about sinking fees, there should have been a fund set up if all the 4 units were sold individually. Do you have the strata subdivision details, copy of By-Laws, etc?

I'm no expert, but would assume body corp would have to organize insurance for the building and common areas, unless all units are freestanding, could be an exception. Otherwise, how would you separate the values and come up with replacement cost for an individual unit? Can you ask body corp...