For small rentals, 1-4 units, I think you'll see weak hands shaken out over the next couple of quarters.

You limit your downside risk because even if the value plummets, all you owe is monthly (or quarterly or yearly) rent. 

This is proportional to the water use, but I would assume $120/quarter until you have some actuals.

Seems like you could offer investors 10% quarterly or set them up for monthly cash flow. 

So he turned to a friend and asked to borrow a dime, but all he had was a quarter.

You would certainly want to point that out as a safety feature of the house (actually they should be in every kitchen - and especially those with sleeping quarters nearby).

(Premiums can be paid monthly, quarterly or just once per year.)2) Look through old mail, and new/incoming mail, for any bills from insurance companies.3) Call the insurance agent for her auto/home policy to see if she also had a life policy with the same agent.4) Check with her employer (if she worked) to see if she had a policy there.5) Try this: National Association of Insurance Commissioners (NAIC) Life Insurance Policy Locator ServiceGood luck.

Multi Family that are close living Quarters: Residential, Multi-Family/Condos/Town Houses, 50% equity or more, owner - individual, location out of state and local, not listed on MLS. 

What do I need to do this year, quarter, and month?

Pay those monthly then distribute the rest of the cashflow to the owner either monthly or quarterly.