My intention with this post is merely to introduce myself.

Agree to merely let him out of future months if the place goes unrented.

And btw, the mere fact they so eagerly accepted your offer, indicates there's some sense of urgency.

Keep in mind that publicly marketing the property is only one of many items you would be doing here which constitutes the requirement of licensing and yes, sending an email to your buyers list with the contract is “publicly marketing a property you do not own” and as such, brokering without a license.As to your inspection contingency, a hoarder house does not constitute the need or requirement for a 30 day inspection, it is merely a mess with personal affects that need to be removed by seller prior to close of escrow or you agree to trash out at your expense (whichever you’re contract states). 

I realize for some on here that is child's play, but for all us other mere mortals, it's a reminder that you gotta start somewhere. 

Not the cash flow numbers I am shooting for but this property is merely a launch pad for my vacation rental investing, a great lesson in rehabbing yourself, and my very first deal!!!

From what I have read, their measures seem to be the most effective.You merely stated WHAT they are doing.

I understand that not all borrowers are proceeds driven, some are focused on low leverage, full-term IO or merely shortened hold periods and prepay.

The mere fact that you're financially secure today, has nothing to do with how to invest the funds you have.

Alternatively you can obtain clear title after 20 years of using the property if you do not have "Color of Title" (if you had mere possession and did not lease from the son or pay him any portion of the rents).Color of title would be a deed from someone (the son) who you have reason to believe had the right to transfer the property to you.