From my research, the previous owner is deceased and I cannot definitely determine the heirs. 

However, given the critical nature of financial transactions, especially in the real estate realm, I'm seeking your expertise to determine the legitimacy of this opportunity.Here are some key details:1.

The first step is to learn and determine what niche you are interested in.

@Keegan Darby , any assumption would be determined by your Loan Docs (The Note), and the servicer should be contacted to determine the process if it is assumable.

If youre really worried about the rate differential, just buy it down to match what the rate would be for a primary residence product when you put permanent financing in place and mentally account for it as a Stay Out of Jail fee. 

Your rates will be determined by prior experience and credit score. 

This also allows for property owners to more easily write-off assets that get damaged/destroyed as the value of these assets is determined as part of the study.

You should contact their bank and determine if they would agree to that.

is this to be determined solely at my discretion? 

I did the lesser cost one because 1) it cost less and 2) I figured it would be a good way to determine the company's capabilities and if they are proven, I might consider going to the higher priced package.