The downside of this strategy is that the borrower has some leverage to negotiate terms that benefit them in exchange for the Deed in Lieu.Plan executedGiven that we had ruled out the first two options, it became clear that we were going to end up taking these properties back along with inheriting any accrued liability.

It's a great way to set yourself up for future wealth, and putting this inheritance into a great investment is a wonderful way to honor them.

Dave is correct -- If your appreciation is incorrect, you will be in deeper doo doo.You can write off losses to lessen the pain.

We do have a few that are LTRs that we kind of inherited. 

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $70,000

Sale price: $210,000

Purchased this property from family of the deceased owner , it was in bad shape and wa...

Updated subject: Damages after inherited tenants move outHi Folks,I bought a home a few months ago and the tenants I inherited are now moving out.

I would reccommend protecting yourself in terms of the legality of the transfer, ensuring there aren't any violations, 3rd parties requesting some claim of ownership of the property, most importantly the structural integrity of the property overall is sound and there aren't any big ticket items the current owner should righfully be taking care of that will then be additional issues you inherit. 

Any balance left over take her to small claims court so when she inherits you get paid.

I inherited my stepdad home unfortunately because of his passing...I have always wanted to do the Airbnb venture and thus unfortunately gave me the opportunity.

Inheriting a tenant can be a blessing or a nightmare so doing the same screening you would for a new move-in would help.