These are the same people who will be MIA when OP posts "Help: contract problem -- now lawsuit -- what does this clause mean" in the forums in a few months. 

Who says the OP did the job correctly or of good quality.

Thats what the OP said the comps were today.  

Reposted by OP in Patrick B.

The OP is not talking federal inheritance tax (estate tax), he is talking about Pennsylvania's inheritance tax; PA does not exempt the first so many dollars like the federal tax does.

In the OP's state, the landlord/management may enter the residence after giving notice and during "reasonable" hours. 

Thanks OP!

Pref of 7 or 8% then split cash flow 50/50 is customary in this type of thing.I am going to take a WAG and suspect this is a SFR or very small deal.. if this were a larger multi extra our OP would be a little more experienced and not asking these questions..

Account Closed  like all things its highly regional.. the OP is in LA  average home prices is north of 500k.you go to a Trustee sale ( no sherrif sales in CA) and its cash on the spot.. and there will be competition bringing oh 3 to 10 million per investor in cashiers checks that day... that's your competition.. its not like were you live were you put down a small deposit and have 30 days to close.. and you can walk from the deposit if you don't like it.. ( at least that's how it has worked for us on the other side of the state at sherrif sales I have personally bought). 

Now if you didn't buy it cash (like the OP) you'd have to wait 6-12 months before you could use the NEW appraised value.