Selling point was the old lady won't be there forever, and I'll get a great increase and stabilization laws won't apply after she's gone.

Everything you saying is echoing what I believe.Accountant by day 9-5 and own about 13 units between a few buildings with my lady and recently got into fix/flip in order to scale.Sounds dead on.

But that's not how it had been described to me by the lady from city housing. 

We have recently been informed that the lady who passed did not have a will in place and her daughter and son want nothing to do with the property.

The median sales price in the City of Austin rose 2% from a year ago, coming in at $573,400.

The plan is to put the rentals in SCH E of our joint return and file with TurboTax-We live in Florida-Leases under my wife's name, Airbnb app under my name, dedicated bank account for all rentals activity in the name of both-We have umbrella policy for liability protection for the rentals-We leverage some contractors (for example cleaning lady for the Airbnbs or lawn maintenance guy) that we pay >$600 for their services in a year and they are not our employees.

My guess is it's not the business of this little old lady he's renting from. 

I had one C/O bring me a lady with four duplexes, that I wholesaled for $18k each.

I called the new number, spoke to their answering service lady.

After that, the lady who was my liaison at Lee’s company stopped having any contact with me.I cannot tell you how bad of a mess the 2ndcontractor made.