Welcome to Texas.Sounds like a great plan.Remember you can 1031 the current investment property into the next deal to save on your capital gains taxes potentially. 

If the answer is no, I believe you’re overly concerned like many BP forum alarmists who don’t understand anonymity is not asset protection. 

That’s probably much harder to find today unless it needs lots of work like mine did.

Likely you will need to do electrical heat pumps given new building codes.

I'm looking for ways to use my $200k efficiently and invest it somehow or even try to convince the seller..I’ve considered lines of credit, personal loans, and options like SoFi, but I’m not sure which will work best in this scenario.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

To better cash flow the property, you can look at different income strategies like medium term rentals or short term rentals.

Seemed like they had the process down.  

Would like to hear what are some key things to be aware of in this area when selling/buying properties? 

Like windows open, lights on, door left open, that sort of thing.