A few years ago I helped my (retired) parents buy their most recent house by directly giving them a $100k cash down payment, and they would like to leave the house to me when they pass in thanks for the assistance (it ended up helping keep their mortgage extremely low since they are on a fixed income).They are very worried that it will somehow get caught up in probate or red tape when they pass even if my name is spelled out in the will, and wanted to see about just adding me to the title or something so that there is a seamless transition without any hassle.

These guys might be ready to downsize or move into a living situation with assistance.

, let me know how it went and if I can be of any assistance. 

Sometimes you want to pay for convenience.Think of the 90 year old with no family, going into assisted living facility.

Spend the time lining up contractors, pricing out material, doing all the due diligence you can on the rehab. 

There are other details that may it challenging for a small investor to benefit from the OZ like spending the required capital within 30 months of closing and closing the property in an LLC.  

Let me know if I can be of any assistance!

. - I decided I didn't want to mess with it because Im starting another project with higher potential return.Now, as an example, I look at this one:https://www.zillow.com/homes/63-GRANVUE-DRIVE-BELL...Its on the Auction block, if I picked it up for 2 or 3k, and sold it for 10k to someone else who wants to work with it, essentially a wholesale deal, and didn't spend any money fixing it up, and agreed to max 1k realtor fees if any, I might make some money on it.If you go to our county tax assessor site, and search '63 Granvue', youll see that 1) the total taxes for 2018 are $2981.38, and 2) they are paid by the bank already for 2018 http://www.co.st-clair.il.us/Pages/parcel.aspxWhat I am asking is - if I bought this at auction, and sold it within a couple of months as a property someone else can rehab, how would the property taxes work / what would I end up paying? 

I would be careful about spending all your cash on a few SFH's when you can leverage that base into more units.

They do spend time upselling you to Cardone University but I didn't find it annoying.