@Yasmin Sharbaf if it’s not new construction, your agent would usually have shown you current tax records including what they list as square footage, especially if that was a known concern of yours.

Do they leverage the purchase for taxes and depreciation?

In this case since your family is the seller and knows there are no title issues, it's a pretty safe bet you wouldn't need that policy.In regards to lein position, you should have a promissory note secured by a deed of trust that gets recorded ahead of any other encumbrances and that's what keeps you in 1st position. 

Given the flexibility of our jobs, which offers nationwide opportunities, we have the privilege of choosing our permanent address anywhere in the country while remaining compliant with IRS regulations regarding tax homes.Initially, our aim was to purchase property in the Portsmouth, Durham, or Salem areas of New Hampshire.

I recommend CA residents look at Reno, Nevada because of the proximity, landlord friendly, low property taxes, and influx of high wage jobs and strong appreciation. 

Depending on your lease, this is also grounds for keeping their security deposit so use that as needed. 

Tax Write OffsSo even if you aren't getting the positive cash flow, you are potentially making it up in the other ways.

Roth funds can be withdrawn tax/penalty free.

Seller's affidavits about BK,  liens, taxes, no new liens in last days should have been ready to go yesterday.

It is simply the IRS tax law.