Hi, Medgar Jordan,So, reading between the lines, it looks like you found an empty / abandoned house and are trying to locate the owner.First off, I think a better question than who has been paying the taxes would be have the taxes been paid and are they current?

As my parents will be having the mortgage in their name the finances will not be in mine therefore it doesnt affect us in anyway.

Dude - behave yourself.

Reassessing my RE Inv i realize that I mayn't be having a sound plan.

If you behave like this to your tenants do not be shocked when they treat your property poorly, leave with giving you the absolute minimum notice, and for the most part make your job as a landlord much more difficult.  

Of course this will vary on credit score, annual income, income to debt ratio needs to be considered especially since you will be having to deal with two property loans, and other general qualifications (PITI reserves).  

However, I don't normally see any smaller semi being offered.I will be having an inspector go through the property to verify.

My understanding is that this is a good group of tenants who pay their rent and behave.  

The more knowledge you will be having, the better your dealings will be.Focus on ROI.

Unless you think that $500/door tenants always behave properly...4.