In most cases, this quick inspection is also our final inspection and we can declare the property ready to rent or create a punch list for turnover.

Send them notice of balance due, file collections, and sue them in small claims court. 

When you put a rental property in service, you declare depreciable basis which in an owner-occupied duplex is only a portion of the total value.

First, as for the state of Florida, lease agreements can only be created by attorneys, except for Supreme Court approved standard leases in your state.

This is the problem with taking payment for the last month when a lease can extend indefinitely.This arrangement is illegal in PA due to a court decision 10+ years ago.

This includes declaring rental income received and deducting applicable expenses such as maintenance, property taxes, and mortgage interest related to the rented portion.Once Cousin B acquires 50% ownership, they will begin reporting 50% of the rental income and associated expenses for the portion they now co-own.

I have seen some people tell the owners that they can rent it after they sell it but if they did not make payments to own it why would they pay rent and you will simply be heading to court to evict them. 

I ended up with a court ordered eviction.

The estate offers 9 bedrooms, 10 full & 3 half baths, bowling alley, indoor basketball court, theater, 3 swimming pools, 3000 sf master closet, housekeepers quarters and much more.

The key here is provable in court.