Currently I own parents house which I inherited though their death. 

Hello there...The manufactured homes are the kiss of death --  since they are depreciating asset ...which means every year they are worth LESS not more......and mobile ...means you can load them on a truck and drive away...LOL!!

I can collect monthly mortgages for 10 or 20 years and not realize the entire capital gain.If i get called to the "final closing" (that's death) my heirs take over the property at the value it is worth today and their basis is pegged to today's value.Advice to you.

Get a RE Estate Attorney and give them copy if will, copy of death certificate and let them handle it.  

A motivated seller can be someone going into foreclosure as a result of job loss, sickness, death in the family, or any other variety of reasons.

A person fell to his death when it was being built. 

You will probably find that a LL of commercial property has a better handle on the value than some random who inherited their moms property after her death so your discounts aren't going to be as steep.

Yes, they are out there but then again, so is the Beck 950 Porsche Spyder driven by James Dean before his death, sitting in a barn with 20 miles on the speedo, waiting under a dusty tarp for the return of the son that went off to war long ago, for $500.

Make sure his will is up to date and see if your state offers a TOD transfer on death title to avoid probate. 

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