I called city hall and after getting the run around from 20 people I was directed to code enforcement. 

Hello BP Community,We live in Florida, in the direct path of Hurricane Irma.

If you do decide to look in Cleveland proper, I'd look at the areas directly adjacent to Euclid (called N.

Ok, the bank accounts is easy to figure out as well as no co-mingling funds/property... keeping corporate records is something I have no clue about or the corporate law piece... any guidance or direction there is greatly appreciated!

I have a family member who is near and dear to my heart, and they've come to me for advice and I unfortunately don't have enough knowledge to point them in the right direction. 

You just took a giant leap in the right direction; signing up on Bigger Pockets!

In a recent property I saw rent was at 685 and a few doors in either direction similar units are going for 1300.

Your parents do have the option of selling the property under your direction and purchasing different investment property using the 1031 exchange again.  

Seems like the vacant lot actually was used as a parking lot at some point (marking and numbers, non-working flood light left behind).

they are all competing or fishing out of the same pond for the buyers.. find a company you like and and work with those that you feel you have the best connection with .. this is important.also there is a very FEW companies that do what I call turn key light..