So they can access the funds   Otherwise the assets will be locked in probate.  

Technology today allows us to access detailed information and resources remotely, which makes it possible to make well-informed decisions even from a distance.Memphis is a city with a lot of hidden gems and under-the-radar opportunities that many investors miss out on simply because they’re not familiar with the local landscape.

I am having a doubt here, as this seems like active losses from the sale, whereas the property was a commercial rental property held > 1 year.

When you find out the present zoning of the property, the future land use and the local agencies comprehensive plan for how they see the area being developed (all can be done at the local planning office) you will have a much better idea of what you have just bought.If the land could in any way be developed into something more than single family residential lots, i.e. if there is any multi-family or commercial component than I would advise you to hire someone qualified to help you with the site planning of the development.

Commercial lenders look for 1.25 DCR, occupancy and 5+ year leases.

There are a lot of podcasts with Cody Davis, a very young guy that learned how to buy commercial property with zero down, seller financed.

Would you happen to have a recommendation for someone who might be able to help out a small fish on the commercial front in MN?

@Alex Del Rio welcome and congrats on Real Estate Professional Status (REPS) this brings with it a lot of tax benefits that you didn't have access to before.

https://www.biggerpockets.com/forums/926/topics/1151922-than...Dozens of investors with decades of experience on here... very few of us has ever been sued (I was one of the few and my insurance was definitely more important than my LLC, which I only had because it was a requirement of getting a commercial loan).

Some surrounding suburbs still allow it, but the only way to have a new STR approved in Waco city limits is if it's in multifamily or commercial zoning.