You don't have to do anything with the money and there's no time limits or anything.2.

Here’s the context:The house appears vacant, with a large tree that has fallen on the property.From what I can see, the house seems full of furniture and might even be a hoarder home.I’ve skip-traced the property and found that the owner has unfortunately passed away.The house seems to be mortgage-free, and I’ve identified three phone numbers associated with the son, who I believe is the heir.I’d like to reach out to the son to express my interest in purchasing the property, but I want to ensure I do so respectfully while also gathering the right information.Here are my questions:What’s the best way to approach the heir while showing my condolences for their loss?

This property gives me significant income, so losing it would be an extreme loss.

This will negatively affect both your DTIs and stack your conventional loan limit(10 per person).

For a little background - I have been taking a big loss on this property for the last year for reasons out of the control of my property managers.What would you do in this situation?

You’re giving very limited information which forces people responding to cover unnecessary points. 

Interest rate increases which they bought insurance to limit increases to 2%.

(Don’t wait—spots are limited, and the challenge starts January 30th!)

Dan makes a great point - you want to be clear of any areas that are working on limiting the ability to rent OR cap your rental potential.

There are a very limited and reliable few of lenders that do true DSCR 2nds.