Although inherited tenants usually need to be replaced you can do it on your own time table.

He could make a will (which he should be doing anyways) and decide in his will whom will inherit the house.

Inherited Owners3.

The inherited tenant was actually a squatter and a real piece of work.

This may lessen your down payment requirement, AND give you a place to stay when you visit.

If he has the kind of equity he states, they shouldn't have an issue with doing this, and placing the amount owed onto the principal, and perhaps spread the loan term out to reset at 30 years, or even going to 40, which would lower his monthly payment, and lessen his burden, which is what I am guessing got him in the trouble he is in now.

Hello - Any referrals for a good DFW Real Estate Attorney who understands real estate inheritance laws?  

Sometimes it’s complicated by factors such as ;- Multiple family members own ( inherit) it and can’t agree on who should pay taxes , what it should sell for, etc. then there may be probate issues and possible Medicaid claims. - people who can’t or won’t pay taxes often have other financial issues that result in judgements against the property.

A tenant that I inherit who smokes I just tell them of the policy and ask them not to smoke inside and if their neighbors complain often enough I will not renew the lease again.

Kyle Cortez put it in a trust and inherit it when they past.