Not sure a life estate adequately accomplishes the intended outcome, anyway.My instinct is that I would keep the inherited house as a rental property, either after my step-dad passes away or chooses to move out; or, by renting it out to my step-dad for the rest of his life and, after his death, to other tenants. 

bought a house for $140k, i have inherited a client, rents was $475, now it’s $875 but i would like to go up $25 next year. is that a good move?

Has anyone had any experience with inherited tenants in a redevelopment? 

I sort of inherited it, it was my mother in law's home.

When you get healthy and fit, you will gain a new level of respect for yourself and inherit a new type of discipline

Bottomline is having a good talk with all parties openly discussing how to handle this in a way all parties can be happy and lessen surprises.Hope it turns into a wonderful opportunity to get better acquainted with your in-laws. 

You inherited these tenants and their lease.

For example prop 19 stated fire victims would maintain their prop 13 status but they largely removed prop 13 protection for inherited properties.  

Purchase price: $9,163 Sale price: $20,000We bought from an elderly woman who inherited the property.

Good evening all.Recently purchased a multi-unit in Hastings, MN and inherited all 12 tenants.