I just looked at rentals in your market and it appears the average price for a 4bed home is around $2,500.

I would avoid this if its your first acquisition  but you also appear to have enough cash to complete the purchase without financing so you wouldn't necessarily be at risk of losing your deposit, only incur additional transactional costs.

Also, it appears, (still waiting on the final investigation to close to get the point of entry, but it also appears and confirmed by the PM that they or he/she etc got in through a kitchen window, which was not secure and when I looked, it was then secured by a piece of wood to keep it shut.  

These little to no document products are not common at all.I wish they were, that would make my life doing cash out refinances a whole lot easier. 

This is for all the 'co-own curious' folks out there.I recently started a project aimed at making it easier and more affordable for people to co-own (and manage) homes together. 

Just want to clarify when Melanie wrote about selling at the date of death or within six months, that it appeared there will be tax implications after that time frame. 

It might be easier to add up your purchase price, closing costs, improvements and then subtract what depreciation he took over the years since that should be listed on Schedule E (assuming you have a copy of all of your returns with the property).

Will one be easier to manage because you can go view the properties in a day trip? 

In the event that it is necessary to hold an administrative hearing in this matter, I would like to confirm whether you and Michael are still willing to appear at the hearing to provide witness testimony.

Your understanding of the capital gains calculation appears mostly correct, but a few details could affect the final outcome.