I have a friend who's mom passed away and he is the executor of the property but not on title I believe it is still in probate, he wants to do a lease option on the property it still has  a mortgage on the house and the numbers don't work for a wholesale or even a conventional loan for someone else at this time any suggestions?

The house will be left to my wife when he passes.

Will the property pass an fha inspection?

If the place looks easy to make renter ready, I'd offer to help him with cash for keys.There are foolish and bad people in the world, sometimes in charge of passing Ordinances, sometimes who are tenants, and who blind themselves to all I and other landlords do to help tenants...  

I will disagree that "licensing is easy to get," as the NMLS test is hard to pass AND even if you do, your entity must now begin quarterly and annual reporting to the NMLS System.Also, under Dodd Frank, if the above apply, you are probably required to document the borrower's ability to repay, and service the credit agreements/loans under the strict Dodd Frank loan servicing rules. 

Some may argue that is fine, but I question why I should pass my money over to someone who is themselves living paycheck to paycheck. 

Honestly if the exact $ for these items are going to make or break a deal, pass. 

Quick details:- Seller’s owns it solely by herself in a trust since (husband passed 6 years ago).

I'm giving my tenant her keys today and will be passing her a big pack of those felt floor pads to use. 

I decided to pass on it.