If he/she doesn't respond then you proceed with Writ of Possession and then an eviction.

I would like to avoid buying the house outright before flipping it, so here's my creative flip that I'm looking for input on.What I'm thinking of proposing to the current owner is that he retain possession of the house, and we remodel the house and get it ready to sell.

I'm assuming you mean when you do a final sale to a seller who can qualify for a conventional mortgage and take possession of title.

As a landlord, you'll want to demand your tenants get a renters policy to protect their personal possessions.

I would ensure that the DD doesn't begin until the PSA is executed AND all the due diligence documents (leases, contracts, background info) is in your possession.

There's a big difference between 'took possession in the current condition' when we're talking about paint colors etc. vs. when we're talking about a potential for damage to property and/or individuals.

An ejectment order from a judge is a "for sure" lawful possession.

There are other items inherited so we can haggle a bit but I need reno dollars and some to buy them out.HI Joyce,1) I dont see any downside of converting into a rental you can create some cashflows out of inherited assets2) not a CPA however you inherited them so they come to you a stepped up cost basis based on the date you received these properties so you should technically have any gain unless they've gone up since you took legal possession of them and even then its probably margin increase in equity if your award was recent.3) Financing these properties will be easier if you have long term leases otherwise lenders will just look at these as liabilities this is why you may want to get in place long term leases first.

Or just move in yourself, start paying taxes, go to court and claim adverse possession!

New owners are denied possession as clerk of court feels "Son" has a valid claim to ownership.