Usually when I am in these situations Its me holding the money..

Is there a funky property tax issue that arises with the collateral that is a local municipality error and can lender quickly analyze the situation, assess and articulate the risk and allow draws to carry on or will they make the life of the borrower miserable?

Simply be a calm stand off landlord who is expecting his tenants to honor the lease - Not you accommodate their personal situation.

You may have different questions or your situation is different. 

•Are the tax benefits of renting worth it in a situation like mine?

You need to take a look at your financial situation.

We have dealt with these situations many times.

You'll want to talk to a local probate attorney to see how much time that could take.If the squatter is not making mortgage payments, you've got perhaps another month or two before the lender begins foreclosure proceedings.In your situation, I would approach the squatter to see inside the property to assess the condition.

That being said, we have an incomplete picture of your personal situation so please take this advice with a grain of salt.Good luck with your investing journey!

So better to put any fears they have to rest and explain the situation.