What did they find out in this 6-week timespan (12/23/2019 up to today's date of 2/7/2020) which motivates them to take a $200,000 loss?  

Worst case, it gets outlawed in a town AFTER you’ve bought a place there & now you have to sell at a HUGE loss bc there’s no buyer demand once STR use is banned!

Value add renovating units, curb appeal, washer dryers etc.Also focus on lowering expenses and utilities and no major capx renovations.Execute analyzation Of owner financials T12,T2T3, lease loss,Rent rolls, taxes, expenses, future irr, vendors Perform due diligence, loan product and title investigation.I’m putting together a booklet presentation with market analyst and Investment Property Example to show potential investors or simply fund my own deal.So much to write but I’m learning.Back to the books, blogs, podcasts, YouTube videos absorbing it all like sponge.Best of luck to all ✌🏽 in 2020 & years to come!

Value add renovating units, curb appeal, washer dryers etc.Also focus on lowering expenses and utilities and no major capx renovations.Execute analyzation Of owner financials T12,T2T3, lease loss,Rent rolls, taxes, expenses, future irr, vendors Perform due diligence, loan product and title investigation.I’m putting together a booklet presentation with market analyst and Investment Property Example to show potential investors or simply fund my own deal.So much to write but I’m learning.Back to the books, blogs, podcasts, YouTube videos absorbing it all like sponge.Best of luck to all ✌🏽 in 2020 & years to come!

If she had passed this year you would have to distribute the entire IRA within 10 years.Sorry for your loss. 

Just balancing risk of potential loss with cost of protecting against that loss.I've had insurance of one type or another for over 40 years and can count all claims on vehicles and houses on my thumbs.Most of our properties aren't all that expensive and a complete loss (unlikely) wouldn't bankrupt us. 

What about loss income from not having this money?

It depends on your goal, the numbers, your temperament for stress, time frame, day job, contacts in the area, ability to sustain loss if things go badly (and they will go badly at first anyway), expectations, available capital, etc. 

I really just want to minimize my loses without having to pay the whole 3 months of rent to buy-out/break my lease. 

No matter what you do, buying a property with a value add component, having ample cash reserves, having good financing and having immediate cash flow will help minimize your risk.Here is an article I put together on what to look for when passive investing: https://www.biggerpockets.com/member-blogs/10145/83067-limited-partner-s-guide-to-investing-in-the-right-deal