Basically, the property has to be habitable and safe.Section 8 often covers all of the rent, but in some areas where they only cover a portion of it, it all boils down to the quality of the tenant and their past payment history.  

Basically, a colleague of mine has bought a property, all papers have been signed, and she is closing in about a month.  

You basically need to know you've been awarded the credits, otherwise you won't have the capital to complete it.  

I've been working probates for a long time and what you need to understand is the basics of the process and the ability to connect with family members and nurture them until they are ready to sell.Since a deceased person cannot transfer title to you now (absent an estate with a properly executed trust in place) the property will need to go through some form of probate. 

Tenant is not late with rent, is a good tenant, I just want to understand a basic part of doing business.

Here are some basic numbers. all my numbers are estimates.Listing price: 285,000Zillow estimate:166,000My estimate of what I should buy at: 230-250KRepairs: 40K(10K per unit)Built: 1985Current Rent:Unit#1@750, #2@750 #3 & 4 EmptyMarket rates for 2 bedroom peak is $800 AVG is 700  This is sight unseen maybe no repairs are needed.but i doubt that.

So basically i have to start networking with different people and be under their wing ?

I wouldn't pay off either mortgage since rates are low and that's basically cheap money you can invest.  

The basics are you find someone who will sell a house at a discount because of the condition of the home or some other special situation like death or divorce. 

We've both owned and sold homes before, so we understand basics of buying and selling, but reading through a lot of this info on bigger pockets is a totally different ball game.