Still feels like I must be missing something here, as I presume most people on this site started under these circumstances or similar ones.Additional info: I have $46000 in IRA, $60,000 in savings, $30000 in equity

In 2011 his estate decided that the public needed this information. it was too valuable to be kept secret. i'm inclined to agree with them.it's all relative, but to me, it had a bigger impact. it resonated with me more than think and grow rich. i learn better by seeing how a philosophy is applied to real life circumstances as opposed to reading about it. anyways, welcome aboard. read, listen to podcasts, get connected with a REIA and take action consistently and you'll be successful.

You could easily spend 100k having to rebuild the entire house from water damage from neglected roof.

Whenever you're inheriting a tenant, especially under the circumstances you describe, it's best to assume the worse.

When you buy an "owner occupied" property from Bank of America, the purchase agreement has a special addendum to cover circumstances that arise when the foreclosed-upon owner remains in the home after the foreclosure. 

I do kind of wonder how great or clean a tenant they are though, if you are having yard care and ac filter issues it is often an indicator of other things being neglected in the home.  

What I neglected to mention there is that getting such a non-paying occupant out becomes more complicated than a normal eviction; a foreclosure process might have to be followed.

The circumstances of the hypothetical sale would contain provisions of a 'typical' financed transaction using underwriting standards from accepted and conventional sources.

Do to the circumstances what are my most creative options for doing this deal?

House was built in the 50s and neglected for years before I bought it.