Kristina Heimstaedt , Christine Swaidan , @nick G, thanks for your feedback.This is our first rental, and like you said Nick, the tenants we had to evict (inherited tenants) destroyed it and have wiped out at least a year of profit.

@ Deandre Prescott Within 6 month:-There is no waiting period if its  documented that the borrower acquired the property through an inheritance or was legally awarded the property(divorce, separation, or dissolution of a domestic partnership).After 6 month its simply cash out. 

It could have been a gift, illegally obtained, inheritance or left over from a previous time in your life when you had a higher paying job.

Most of the good MFR opportunities in our area are going to require some TLC as well as the ability to work with inherited tenants through the rent control hurdles but Oakland can be a great place to a great place to invest. 

We know it all starts with screening, but sadly we inherited a tenant.

My wife and I just bought a duplex, and inherited a tenant on one of the sides.  

Of which I'm inheriting a tenant (unit 1) and getting the CO for the 2nd unit in order to begin the process of finding new tenants.

@Ethan Perry , in Colorado, I once inherited an old tent-trailer RV with a fixer upper property.

What are the risks of inheriting a property that does not have the correct permits?

I recently had a(n inherited) tenant vacate a house, owing more in rent and damages than her deposit will cover.