The life estate was mine all you needed was a copy of the death certSome of the other deeds were joint with survivorship

Working on a 1200 SF 3 bed 1 bath rehab for buy and hold.

I also want them to have coverage because if something really bad happened, like a major injury or death to a tenant, I imagine that their family would start suing everybody (owners, manager, contractor, etc.) and would go hardest after those who they think are most capable of generating a payout, i.e. the insured parties. 

Not sure if that's true but nevertheless, I began to ask open ended questions about the property like how many beds, baths, any major known issues and etc.

One bed house on 2 lots everything in the house is 5 years old.

His son will receive a "stepped up" basis on the valuation and can either then take over the rental income from there or sell the properties using the value on the day of death as the basis, thus generating very little capital gain.  

Number of beds/baths, acreage, sufficient room for parking, quality of neighborhood, signs of construction in surrounding area, and many more factors.Something I have enjoyed doing while starting out, is rather than driving around to every house on the MLS...take a quick look at the property on Google Street View and run hypothetical numbers on the projected performance of the investment.

The owner has dropped his price to $93000 other houses in the neighborhood are selling for $109 to $140 it's a 3 bed 2 bath with a double garage.

Google fannie/freddie "selling guide" for the exact requirements (and a couple hundred pages of great bed-time reading!!)

It is 1350 sqft, 3 bed, 1.5 bath townhome that has $78 a month HOA fees.