New Member w Question about buying from family

[Richard Nguyen]

Thank you in advance for any help I get. I have one rental because I couldn't sell a condo I had purchased before the bubble burst. My in-laws are divesting themselves of a rental property in another state (FL). They are offering us a deal by doing seller financing and giving us a small break on the price. They have kept up the property in good condition as far as I can tell (we've gone to visit every year). They had previously bought it as a foreclosure and gotten all the necessary paperwork. Do we need to get title search and insurance again if they have already done this in the past? Are there any other tips to maximize the deal for both parties?