Seller is motivated, retired widow.

My Wife and I will be in the Ana Maria Island Florida area August 20 through the 27th.

Each state or commonwealth has it's own laws concerning recourse versus non-recourse.3) Since the estate is illiquid (and I am the guy that wrote the book on that topic) I suggest you discuss the ramifications of preserving any rental cashflow with your mentors's widow and her attorney.

@Maria Luna There is not a right or wrong answer. 

Hi @Maria S.Welcome!

  (2) It is obvious that someone is taking advantage of this widow and I feel convicted to assist in any way I can. 

@Maria Garcia  condo's are easier to obtain financing and at great rates. 

Bummed, my CPA looks to be correct.Married, Divorced, Widowed Marriage.

While I don't believe in raking a little ole widow over the coals there are those homeowners who have been quite derelict in their homeownership responsibilities and commitments and frankly have let the home fall into ruin and haven't been diligent on their financial contractual responsibilities.

My name is Maria and I'm a newbie who's been studying this industry for like 10 months.