I am a new landlord that is inheriting tenants.

What if one of you dies and the inheritance goes to a relative that wants to sell or can't afford the mortgage or is hostile or moves in and is very disagreeable or moves in & does drugs and sells drugs?

I bout a property 1.5 years ago and inherited these tenants.

He showed me his cash statements and had a quarter of a million dollars in his checking from a recent inheritance of a deceased family member.

A large portion of these people are regular Joe's (not investors) who inherited the property from someone after a house was torn down post-Katrina and literally don't know what to do with it. 

What Greg is suggesting is interesting, but has inherit risk, especially if the tenants change their minds, then you are really screwed.

We have another we inherited on a property we recently bought then did a CFD to a fellow investor.She is on SSDI & we were told she has been there 14 years.

No lease, no HUD approval.My guess is that perhaps you inherited the Section 8 tenant from a rental you acquired and the listing agent never forwarded you a copy of the lease the tenant signed with the previous owner. 

**Added Context** The seller is an elderly woman who inherited the property from her now-deceased husband.

My sister and I will inherit our Grandmother's property in New Orleans, Louisiana.