Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC.

Where as if a multi-family looses one tenant, you still have other tenants to offset the vacancy rates.

I am also an avid member of Pittsburgh's Real Estate Investors Association where I make most of my educational bounds as well as reading and discussion with my private investor group, The Cashflow Boyz 💰.Feel free to message me with any questions about contracting or our experiences with property rehab.

You are bound by the terms of the lease the tenant currently has. 

To add: The new owner takes over the leases and is bound by them.

Buy the HOA debt  for a couple of bucks.Got to the estate attorney and contact the PR.Offer to pay the attorney for his/her time and draft a compromise and settlement of the debts in return for a deed (or order) conveying title to you.It's a loose end for the estate and it vould be argued that you could abandoned the collateral and submit a claim to be paid from General estate assets.

You will loose profit in all of the fees.If one can afford to stay local it is probably best because it is always cheaper to self manage then pay a guy like me to manage the property for you.

Just remember, she has a responsibility to the seller, and anything you tell her she is bound to disclose to the seller.I find it easier to use one broker.  

There are zero bounds to compare a listing agent to a surgeon.  

I've been loosely working with an investor I met a few years back.