The tenants did not acknowledge any issues they are having and my take away is current owner is hands-on based on the condition of the property.

They are checking but I think this can be changed with a simple ammendment to the plan.I am with a small company.

Except, in NOLA, there are only a handful of property insurance carriers. 

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

It is simple to do man....go onto zillow and type in any marketplace in the U.S.   

Particularly if the loan has changed hands several times and it's delinquent, they are traded at discounts so their cost base might be far less than total owing.  

Property shall be treated as substantially improved by the qualified opportunity fund only if, during any 30 month period beginning after the date of acquisition of such property, additions to the basis with respect to such property in the hands of the qualified opportunity fund exceed an amount equal to the adjusted basis of such property at the beginning of such 30-month period of times in the hands of the qualified opportunity fund. 

I finally put in the time and completed the task at hand. 

One simple planning devise most do in their estate plans is to combine the estate tax exemption for each spouse in a trust (called an A/B trust).

There are still multi families you can get your hands on.