My CPA happens to understand it and my IRA Administrator can also prepare the tax form for UBIT for an additional fee.

For questions like yours, I would first ask my CPA or SD IRA administrator (or come here).

Other regions may take different actions under different administrations or supervisors, each has some latitude.

Contrary to the other poster, the probate law in CA state several things that ought to interest you:Probate Code 7000 says, in effect, that Title to real estate passes immediately upon death of the owner, pursuant administration of the estate.Also, it is fairly common for heirs to assign all or a portion of the beneficial interest in a decedent's estate.

Eat breakfast with the inspector and you can learn a lot.Loan officers at banks, they want slow paid loans and potential defaults gone before they happen, this takes some skill, knowledge and a reputation, so develop your relationship over time.You public housing authority and Sec. 8 administrator deals with landlords, they know of marginal LLs and properties.

A common situation in my world is a California probate administrator with a property in foreclosure.

He failed to disclose that the house is under a trust with the uncle given power of administration over the property.

-The above issue could be rendered moot if you have enough operating and administrative costs of maintaining a large portfolio of rentals.

The new administration might throw a wrench in that.  

Should address it as soon as possible;If there was no Will, it will go to probate and the interests distributed, maybe an Administrator's deed was filed.Curing any claims, you will have a partition suit filed, if the parties can not agree the court may order the property sold and proceeds distributed.