Many times it may make sense to have two LLCs for asset protection reasons: 1 as a Holdings LLC that owns the assets, and another Operations LLC that takes possession of but not title to the assets and operates them. 

A Mortgagee does not possess an equitable right to the property.  

Time for an Adverse Possession Deal!

-Tenant continues to pay rent and utilities until a qualified applicant takes possession (there may be a 3-4 day turnaround period between tenants that you will be responsible for).

If no one filed a claim to right of possession you don't need the does anymore. 

Use a master lease for possession prior to closing.

I get possession of the property June 21st (assuming the deed is processed quickly, which it probably won't but I'm just assuming best case scenario so I'm prepared for the rehab)Thanks for the help!

It would probably affect you right away--the local authorities may require you to correct the situation as soon as you take possession (so you can't even continue renting).

If you have 29 day billing cycle, divide Tenant C usage by 29,  X 19 days he is in possession, the difference is paid by you. :)

I am wondering if you can take possession of a property while it is in probate if its in the sellers name (is that even possible) if not I was looking to write an option to buy contract and the close date be after the probate.