Also in terms of collecting rent, would I need a lease agreement, and account for this during tax season.

This gives investors more confidence in their investments and helps them build long-term wealth through consistent rental income.4.

Another scenario could be that once the investor has the deed and I've been able to do proper due diligence on the property (value, title search, etc), I would consider lending against the property including renovation funding (per my terms).   

AshleyNormal, however you have wide latitude in the actual agreement you agree to sign, how long, how much commission, that’s not to see individual agents have to agree to your terms, but if you feel uncomfortable with the terms you are free to negotiate or shop around, however an agent cannot legally show you a house without an signed agreement of some sort. 

@Jennifer FernézFirst find out if they are on a lease and its terms.

Rent being $300 more than PITI is not cash flow of $300/month.And the $2400/month cash flow is probably a short term rental that started in peak season.

Every state has their own laws, court procedures and legal forms pertaining to how decedent's estate are handled, including creditors and heirs.The rules vary widely, however you ought to decide if you are looking to buy the asset (real estate) from the person in charge or the interest of heir(s).Generally speaking, you'll probably want to buy the real estate, so you'll be looking to contact the person who will be able to sell it to you, typically called administrator, or if named in the will, executor, or by the generic term, personal representative.So, I suggest you ask the clerk at your probate court which document will contain the name and address of the person in charge.

I didn't see a specific subscription for the BiggerStays newsletter, but selected the Short Term Rental newsletter. 

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