Hi- I have been doing a lot of research and want to get involved in property investing. 

Do you have a contract drawn up and checked by the lawyers of all parties involved?

No court entries on the case file on Judiciary Case Search since September.The property is not in particularly bad condition. 

My plan is to purchase this deal for $200K cash and wholesale it.This situation involves a 101 year old elderly family member that owns a Davidson County, TN residence free and clear of any liens.

When they were discovered they were donated.Today, the old tenant left a voice message demanding these items and then preceded to file a police report. 

Have a partner involved with good credit but trying to move quickly on this.

So we hit a bad streak with houses having issues and GC's and subs taking their time to have things completed on time, quality of work, subs not being paid, my husband and I had to much involvement and time spent so we said we have to change strategies.4) We both work full time jobs so the time we could spend at the job site was limited and hence the reason why you hire a GC but then you start hearing comments "oh it must be nice to work full time jobs, flip houses on the side, and show up here when you want too and do nothing and make all this money!"

Would I be correct in thinking the next step would be for them to file for a new deed of ownership with their names on it or would this need to go through probate again?

IRS tax filing as a rental)?

Both rental properties had a claim filed against them and received payout.Property 1: Claim for $21,000 was paid out to fix/replace roof, guttering and siding.