The Power of Attorney document expired upon the death of the homeowner.  

The "begrudgingly" part comes from the anger I had when my father passed, and I did NOT look at this property as a "good thing" initially.Took Action - There was a time period between my father's death, and when I took over (with my brother) that another loved one was taking care of my grandmother and her situation. 

As it was explained to us, if that tenant suffers injury or death, God forbid, you could be held responsible.

While none of this is good news, other national attornies are not yet calling for the death of these deals.

Think of it this way.....if you got notice after notice after notice that your taxes are due and you are getting ready to loose your property....then you get served by the sheriff for the court date....the lawyers come visit you in person and you still don't pay....it is probably not all that common that after the sale you have that +25% or +50% to get your property back.Typically what we see go to sale here is vacant land, often crappy land....you know the 5ft by 1000ft strip beside a railroad track....landlocked land you can't access...and older houses...houses that are paid off and abandoned after death or kids couldn't pay the taxes, or people moved away. 

It is made after the 5-year period beginning with the first taxable year for which a contribution was made to a Roth IRA set up for your benefit, andThe payment or distribution is: Made on or after the date you reach age 59½,Made because you are disabled (defined earlier),Made to a beneficiary or to your estate after your death, orOne that meets the requirements listed under First home under Exceptions in chapter 1 (up to a $10,000 lifetime limit).

Unless someone is retired or works from home, most of folks have to daily toll fee ($5 with pass, $6 with cash) to the other cities to work. 

So one problem you have is as you get larger and manage more you are Dependant on others and will have to hammer home your same ideals and give little room for employee error.Most I have used nickel and dime you to death and simply do NOT go the extra mile if it is something they are not making money on like a vacant property.

My son had multiple death threats and "I'll beat you up after work" threats from people he stopped from shoplifting at the convenience store.

Trying to save in a regular savings account is a death sentence in my opinion.