Here are a few tips to help you navigate this:Tenant Considerations: When dealing with tenant-occupied properties, it’s crucial to understand the existing lease agreements.

You said you checked the county website for the property tax records.

I am a realtor myself so I can save on fees but my assumption is if I sell I end up somewhere with $200k that I would then need to pay capital gains taxes on. 

Tip: If a restoration company doesn't request the protocol from you that's given to you by an Industrial hygienist or air quality professional, don't hire them.

like what kind of surprises can we see with REO like backed taxes, association etc?

I have around $165k in savings, with an option to withdraw $16k from my 401k after taxes and fees.

Additionally, income from an active business inside of a retirement account will be subject to UBIT (unrelated business income tax), so be sure to consult with a qualified tax professional about the implications. 

Do you guys have any tips for negotiating with the seller? 

2 years of tax returns ? 

Q4) How would the parents' ROI (interest pmt received) be taxed?