Has she even received a supplemental tax bill yet? 

Hi Chris, if I understand the transaction it sounds like you will receive a 1099-S for the full amount.

I received a brochure inviting me to a Jerry Norton webinar for Thurs-Feb5-2015.

After paying seller closing costs and foreclosure attorney fees, I expect to receive approx. $16,000. 

If the property were owner-occupied, would I only receive credit for one rental unit's income, while the non-conforming basement income wouldn't count?

I've been receiving more quotes than in the past containing endorsements excluding coverage for condominium/PUD construction.

If you do place the property in her name, then inherit it later, it does allow for you to receive a step up in basis at that point, allowing you to sell the house shortly after her death without paying capital gains tax.5. 

Lending laws change frequently, and we receive emails from Lightning Docs throughout the year explaining their updates to the documents we use here in CA.

I understand this is not a requirement, but I have never received a damaged unit from an inherited tenant or any legal issues.

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!