I started in Real Estate investing in 2013 when my daughter went to college ( first investment was student rental), i still own that house and several others in the town, not all student rentals. i look at this as my retirement in the near future and my kids inheritance should i ever pass.

The security deposit should be paid upon closing to you to hold as the new landlord because you inherit those tenants and the lease should be signed over to you as well at closing.

I inherited it from my mother-in-law. 

But I’m purchasing a property and I don’t want to inherit that hassle for free.

I will own about three or four properties by default, and inheritance someday, but I would be willing to buy on the Avenues if the price was right. 

The only question remaining is: How will the property pass down to heirs and the tax implications/inheritance tax etc. 

Pays $950Since I inherited the tenant, and the prior owner never raised the rent of section 8.When I emailed DCA agent with the increase, I told her i wanted to raise it closer to the HUD FMR.

We have inherited property that had been owner financed.

The 2nd part of the question would be what is the family situation how many siblings will inherit the property if the property passes, and keep in mind your husband has his inheritance in that property as well, so you should consider that when negotiating a price.If you can I would try to build a quadplex on the property, this is going to be the easiest way to generate money, and the most stable route for future income. 

You'll also want to know what the terms of the lease you are inheriting is and decide if you are OK with that.And sometimes, it is good to just walk away and put your effort into another deal that might make you as much money for less effort.