The 1st position heloc has nothing to worry about because it will still be attached to the property after the 2nd position heloc forecloses....death of the borrower has no effect on it.Likely not time to make a deal with the “owners” since that would likely involve probate, and time.  

Obviously, seek marriage certs and death certs for starters.

@Daniel TrippettThe subject has been beat to death in many different threads here on BP.

lol, someone also left a death threat on the HoltonWise voicemail system.

I just had a HUD deal die a miserable death this week.

J F C...I suggested the video to illustrate the mechanics of it, not for people to nit-pick it to death!

I think people do not calculate the toll the lower end properties take on investors with years of ownership.Even with management in place there tends to be more problems with those properties over time.The emotional toll alone owning a low end rental portfolio over a decade is enough to make me cringe.Time is something we never get back.

You'll find articles for every single death.

I've always believed in the saying that "there is nothing wrong with any deal, as long as the price is right" lol.This might sound cliche but all of Cleveland can cashflow if you buy cheap enough and if you buy with cash.And cashflow it can very well.Just like all of Ohio.You make money when you buy and not when you sell.So make sure to buy dirt cheap.Buying cheap also "acts" as a margin of safety for any mishaps that happen during rehab or issues like the OP had with the first property manager.I see many folks nowadays buying off the MLS and overpaying, spending too much on rehab and then getting dimed to death by property management.While I'm sitting on the sidelines as a turnkey provider watching it all un-fold and thinking how they just could have bought my "overpriced" turnkey property and would have been into the deal for at least 30% cheaper...It's a shame but it's what the people want, so many give the people what they want.Thanks 

They are much cheaper and still very nice and then I drive them until they are close to death and then sell while still running.