And if you can continue to give them their current NOI, you might be surprised at how many owners will consider your offer.Does this make sense?  

Hope there are no surprises once the rehab gets started.

To my surprise we received more calls from people looking to purchase property. 

I would be surprised if a property purchased in 2007 didn't cashflow in Austin.  

I should also say that there are definitely items you will not need to permit but you'll be surprised how little.

If you'll have a similar payment after cashing out $100k, to me it seems like a slam dunk, as long as you have positive cash-flow and reserves for any unexpected surprises.

In fact, almost surprisingly so.

If they are not paying the taxes I almost sure there will be other surprises.

You just asked for realtor help and it sounds like nothing has been signed. 2 you drew this interest of your own diligence and don't owe anyone anything if the deal works. 3 I'm sure you communicated to realtor that you had already made attempts to sell yourself,  so she shouldn't be surprised if something comes from that and certainly shouldn't expect you to walk away or include her in this deal. 4.

You may be surprised how many times people inherit a piece of property and don't know it.