In the active business, I have employees.

Property Inspections•Schedule property inspections to evaluate the current condition of each unit and ensure that you have a clear understanding of the properties you’ll be managing.

If there are excess funds after paying the local/school real estate tax bill, the remainder can go to:Current real estate taxesCurrent Muncipal liens for water/sewer or any other bill initiated by the municipalityState Liens, usually for outstanding state taxes, sometimes employee/employer taxesPA State Inheritance Tax which applies to all deceased owners and starts at dollar one with no exemptions, unlike the Federal Estate Tax. 

Simple answer as to pros/cons:Pros: easier to get approved than conventional without your personal income/employment/taxes/assets/DTI being evaluated, i.e. lighter paperwork and more flexibility, usually faster too.

Your input definitely adds an important dimension to consider when evaluating investment opportunities in different markets.

(However, now that I see that you have court experience, also consider this: The employee of the law firm who filed the lawsuit(?)

Make sure you document the timeline of events and get as much documentation from the people you evaluate the situation.

You’ll likely need a property management company, which adds to your expenses.Increased risk: Without local knowledge, you might overlook neighborhood trends or property issues, which can be harder to evaluate from a distance.3.

Our lawyer recommends acknowledgments by a title employee only.No sensible buyer buys a property without title insurance and it certainly looks like your buyer is sensible.

I've wasted decades being an employee, and I'm ready to get out of the rat race and start investing to provide homes, jobs and communities!