A major point to this scenario:  the attorney prepares a document explaining the transaction and risks involved in detail and has the seller sign, and notarize the document. 

Also:Prepare and obtain signed and notarized estoppel letters from every tenant attesting to: lease start and end dates, rent payment amount, security deposit paid, any verbal agreements made with landlord, any maintenance/repairs requested but not yet addressed by landlord, etc.Why?

Account Closed That was my thought process also even when power of attorney paperwork was notarized and everything but when I was looking into the sisters name I barely found anything only a few phone that’s not her and address that doesn’t pin point her location 

If 2 business owners create a contract, are their signatures enough to make it a binding agreement or would getting the contract notarized be a wiser decision?

if not - are you still considering buying one ? 

For example, what state is the property in; did your parents hold title jointly or as tenants in common; did your mother or father die last or did they die in a common disaster; did they leave a will or did they die intestate; if there are wills who are the beneficiaries, if not, are you and your sister the heirs and are there any other heirs; was the property their or the last to die's homestead and are there any creditors of your parents estates. 

If the year ends during the winter/slow time, I let it quietly become month to month.Make sure your state doesn't require anything longer than 12 months to be notarized like mine.

If not, are there other grants or down payment assistance programs for people who are repeat buyers?

If they give you a hard time about it, make it part of their lease, you can do a lease ammendment to add just that, have it notarized & have them sign it.

We drafted, signed and notarized an "agreement related to ownership of real property" Stating ownership shares, and income splits.