Excluded from this are pre-marital assets, inheritances and assets acquired during a legal separation. 

My wife and I just inherited 50% of a family homestead when her father passed away here in Spokane in March.  

The home in Arkansas is inherited.

They could have moved away, inherited, or just not care about it anymore or aren't willing to rent it.

I THiNK you will inherit their tax basis but no sec121 exemption, costing you 10’s of thousands in taxes.

You don't want to inherit any issues from the township. 2) Get a copy of 2-3 months of utility bills for the building.3) Shop insurance quotes now.

Remember, they can always refer themselves😊Now, make it a goal to call at least 5-10 of these people EVERY day and ask a MAX OF THREE off the list below of who they know that:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcWhy only three off the list per contact?

Friend bought his first property and inherited a tenant on a month to month.

I inherited this tenant from purchase and have used property management in the past however I would like to manage myself.

I just inherited it a few months ago and unfortunately I can’t move in because I live in Orlando.