Budget for a realistic expense item here as well which will also reduce your cash flow.Also budget a small amount for administrative expenses.  

A larger commercial building I would place in its own holding company - particularly if it were being purchased with partners.Even though you may not be able to see the entity and keep financing in-place, if you owned the properties outright at the time of sale, selling the shares in the holding company could very well be easier - and may have tax benefits - to selling the properties individually.In general, I am for using holding companies where the potential benefits outweigh the extra administration and accounting effort and cost.

The probate court may issue Letters of Administration prior to the expiration of the required 4-month advertising period, but only if the Court is convinced that there are sufficient assets, such as cash, to pay any potential creditor claims. 

Closing costs will be greater as you typically pay for the lenders legal, administrative, and closing costs.  

2) If I speak to an administrator and they agree to a cash deal can they enter into a contract or do they have to wait for the probate process to finish?

But you may also want to trot down to the Sac County recorders office (600 8th St) and using the public terminal key in the again decedent's name and/or subject property address to find current tax status.To get a hold of the executor/administrator you may want to pull the death certificate.

do not get carried away, play conservative on your first deal, leave some room for error.3) Find a qualified and experienced contractor, do not settle for cheapest, you want experience here, because their is a significant administrative burden not only paperwork, proper formatting, but also financial constraint on the contractor as these sometimes have $0 prepayment to contractor.

Hello,    This is the first time I have got an application from a renter who is being provided HUD program renting(not section 8) or it could a form of section 8,  yet to get details from program administration in the county. 

Go to the Dean of Business or administrator in the business department and talk to them about your business and what you need,your goal here is to have your business adopted by a business class or group of students as a class project.

The current administration began during the recession and I would think they would want to go out on an upswing.The FED just announced that there would not be an increase in interest rates at the moment, lenders are feeling more comfortable lending, and, at least in my area, the inventory is turning over rapidly.