Do not rely on it for legal advice.

Provide clear instructions on where and how to pay to avoid confusion.Recover Security Deposits: The current property manager is legally obligated to transfer tenant security deposits to you or the new management company.

It's basically a legal 2-unit that can cashflow $900/month.

Or really they were ALL pre foreclosures when it was legal to do this in OR and WA laws changed in 08.

This is both a legal and tax question. 

This is for basic informational purposes I am not an attorney and this is not legal advice.First, if you offer to purchase a property using a HELOC to fund the purchase you cannot later back out of the agreement because you couldn't find PML or investors.  

And agents are legally prohibited to engage after closing - at least per Wisconsin State law. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

All work done to raise value after TOD is not legally in that stepped up basis.  

Someone in the legal profession told me that we can give her 30 day notice and then proceed with an eviction.