Reading/understanding sellers disclosures--Rookie perspective

[Timothy Burns]

Hi all, new to all of this, gratefully seeking advice!

anyone willing to give advice and opinions  on this please do! much appreciated! 

Is this worth pursuing/what's the severity/etc etc. 

listing price is under 200k in a cash flowing market, this is a duplex (one side vacant the other is rented at well under current market rates.