The value around $20k according to the local tax office.

If I continue to pay the mortgage in the the seller's name (with out refinancing) would they claim the mortgage interest tax deduction or do I get to claim that since I am paying the mortgage and hold the deed to the property. 

Even if you are actively operating as an STR the lender will look to tax returns for income, so if it has been less than a year they will still go on LTR income.You need to factor in that your lender is going to underwrite any loan based on LTR income only. 

If it is possible, is there anything else I should consider before talking to lenders (namely, any tax implications). 

I got about $4200 back on my taxes last year because of depreciation, and it felt great! 

I plan on requesting the following quarter report if I offer.Average Monthly Expenses per triplex (maintenance/insurance/repairs/utilities/property taxes/vacancy):$730.50Estimated mortgage: $1,132I plan of offering $200,000 - $205,000 due to two of the rooms not being renovated, roof needing work, and after being posted for going on 3+ months.

She knows about tax lien stuff.

While saving for a house.

@Mohammed Milord I have some saved up initially but then save up each month my cash reserves as they come in from my Vacancy allowance, CapEx, and Maintenance Allowance that I have allowed for when I purchased the property.

@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.