Learn the details of rental requirements and tenant rights as a defensive education - you desire to be the investor, your survival is at stake!

Problem is, he can't survive for months without income.

Your lien would survive the transfer to the daughter.

I always shoot first and aim later with my offers.The lease does not survive the transfer of the deed unless you want it too (I believe).

Ia also have a small farm in Brazil and I studied how farmers survive and it involves making Money on a month by month basis, because your Bills come up on a 30 Day Cycle.

The company can survive without an individual C-level - production, marketing, billing and receivables roll merrily on - because THAT is the company's bread and butter, not anything individual C-levels do - they do not "out-value" the hundreds of hourly people their compensation represents.If you can show me where I made a blanket statement, I will gladly concede that point.

The seller's mom passed away years ago and it was my understanding that "right of survivorship" would automatically grant full ownership of the house to the surviving owner (the seller).

She is probably a single parent with no child support and doesn't make enough to survive on her own and needs assistance from mom. 

So, I've been using my savings to survive (which was originally meant for starting my first investment).

Real opportunity exists in the future developing areas and if you invest carefully and don't over extend yourself, you could probably survive a downturn.