how will "elderly owner passed away at home" affect my BRRRR? Looking for advice

[Lilly Fang]

I just have a house under contract, and it's my first deal. The owner (87 years old) passed away at home peacefully. I was not concerned about this when I placed the offer. I really don't care about the elderly passing away naturally in a house, even if I live in that house. However, now I am thinking about renting this house out. How big a problem will this be? I don't know what a renter will think. Do renters care? How do I convey this message to renters? Do I just show the house or do an open house? If someone is interested, I casually mention, "previous elderly owner passed away at home peacefully?" In California, any death within 3 years must be disclosed. House is under contract for 410k, (3/2, 1500 SF, 6000 SF lot, 3 car garage, built in 1987), repair budget 40k, after repair value 520k, rent $2650. The close comp will be newer homes nearby: brand new 3/2 house with similar size (but 2000 sf tiny lot) is sold at $520k, rent $2800-2900; similar aged home with outdated interior is the area is rent at $2500-2600. 

Looking for advice.

[Noah Laker]

You do have to disclose the death to renters, but not to STR if you go that route. My team manages over 100 STR properties and we've had one or two with deaths in the home.

For LTR in my experience there is a passionate minority of people who will be very uncomfortable with it due to personal beliefs, but the majority will not mind so long as you word it properly... "The elderly owner passed away peacefully of natural causes."