I am not sure what makes the most sense for moving forward: 1) getting some kind of a home loan on the rental to pay off all of the credit cards or 2) getting new ccs with periods for no interest and transferring the current outstanding balance to those new cards, then getting a home equity type of loan on the rental to pay for a new property (down payment on a new mortgage or cash)?

Bob is also likely going to jail if/when it comes to light that there was an outstanding obligation on the property, because failing to disclose is fraud. 

The best thing you can do is be an outstanding source of information for them.  

I work just inside the perimeter on the north east side of town...not to far from Buford Highway which has a ton of good food. 

My mentor and I have been calling each other back and forth and getting a feel for situation.There is $383 prop tax outstanding since 2014, this is 1st, etc...So my mentor suggests I go to the house and see what is looks like closer up/see if folks who live there are home/will talk/ etc.So I do it lol!

We have outstanding credit, no debt, and a good bit of savings.  

My mentor and I have been calling each other back and forth and getting a feel for situation.There is $383 prop tax outstanding since 2014, this is 1st, etc...So my mentor suggests I go to the house and see what is looks like closer up/see if folks who live there are home/will talk/ etc.So I do it lol!

No outstanding collections.

can you complete the current outstanding projects with the money that you already have?

He is outstanding - reviews all the little nooks and crannies as well as provides recommendations on what can be monitored versus repaired.