I know you can get these much cheaper but the sellers wanted the lawer involved. 

@Michael S. regarding our financial analysis - we considered everything including a complete gut rehab with new plumbing and electrical, but we did not consider that it might be a total loss, or that our gut job could also involve structural repair.  

To your question, I think you have reduced some of the risk by going Owner Occupied.

It seems too much risk.  

Happy to discuss some of the benefits and risks of a foreigner investing the United States real estate market.

Or if any entity is involved it would almost definitely be a different address for privacy and legal protections.  

New member interesting in learning and involving myself with the local real estate market. 

Don't get involved with the mail, tell old tenant to complete a Change of Address card at the post office and the mail will forward just fine.

@Raad Qumsieh By removing your inspection contingency (and as an all-cash offer, you'll have no finance contingency I assume) you'll have no way to back out of the contract without, at the least, risking your earnest money. 

What are your risk tolerances?