If $\Lambda$ represents the Lorentz transformation matrix, then the transformation of contravariant components $x^\mu$ is given by $$x'^\mu=\Lambda^{\mu}{}_{\nu} x^\nu$$ and that of the covariant components is given by $$x^\prime_\mu =\Lambda_{\mu}{}^{\nu}x_\nu$$ we used $\eta_{\mu\nu}$ to raise and lower the indices of $\Lambda$. In this notation, we remember that the first index is always the row index and the second index is the column index irrespective of its position upstairs or downstairs. Now using th relation $$\eta_{\rho\sigma}=\eta_{\mu\nu}\Lambda^{\mu}{}_{\rho}\Lambda^{\nu}{}_{\sigma},$$ it can be shown that $$ (\Lambda^{-1})^{\sigma}{}_{\rho}=\Lambda_{\rho}{}^\sigma$$
Now, here are the questions.
If we define $\Lambda^{\mu}{}_{\nu}$ to be the $\mu\nu-$th component of the Lorentz transformation matrix, then $=\Lambda_{\mu}{}^{\nu}$ is the $\mu\nu-$th component of of $\Lambda^{-1}$. Then what do the objects $\Lambda_{\mu\nu}$ or $\Lambda^{\mu\nu}$ represent?
If we want to take, the matrix element of $\eta^{-1}\eta=I$, what should one write? Should it be: $(\eta^{-1})^{\mu}{}_{\sigma}(\eta)^{\sigma}{}_{\nu}$ or $(\eta^{-1})^{\mu\sigma}(\eta)^{\sigma\nu}=\delta^{\mu\nu}$, or $(\eta^{-1})_{\mu\sigma}(\eta)_{\sigma\nu}=\delta_{\mu\nu}$ or something else?
What is the relation between $\eta^{\mu\nu}$ and $\eta_{\mu\nu}$ and how to establish that relation?
EDIT: This is an additional question related to the manipulation of indice. Since $\eta=\Lambda^T\eta\Lambda$, we have $\Lambda^{-1} =\eta^{-1}\Lambda^T \eta$ taking matrix elements on both sides we get, $$(\Lambda^{-1})^{\sigma}{}_{\rho}=(\eta^{-1}\Lambda^T \eta)^{\sigma}{}_{\rho}$$ $$=(\eta^{-1})^{\sigma\alpha}\Lambda^{\beta}{}_{\alpha}\eta_{\beta\rho}$$ $$=?$$ Starting from this how can we arrive at the relation $$ (\Lambda^{-1})^{\sigma}{}_{\rho}=\Lambda_{\rho}{}^\sigma$$ Since, I don't know the action of $(\eta^{-1})^{\sigma\alpha}$, I'm unable to proceed further (given $\Lambda^{-1}=\eta^{-1}\Lambda^T\eta$ as the starting point).