Any decent RE attorney can draft this.

Spend the best few hundred bucks you have spent in years.....sit down with a local RE attorney familiar with foreclosures, with your list of questions/assumptions.

Best of luck (even though we make our own luck) in your futures RE investing as well!

I would give the son your condolences and ask him if he would like you to re-rent the unit after he vacates the unit or if he would like to keep the unit until lease end.

I listened to a webinar recently about a man renting someone's place and then re-renting it on Airbnb and generating income off of that.

I'm not interested in turning them into this but the ability to absorb them into a single rental property has me a little curious if this could bring down the taxes from a multi town house to a more manageable figure.  

As for a great RE agent, look up Lenska Bracknell at Lenska Realty.

i'd borrow against the annuity and/or see what RE tax benefits are available and purchase an income producing assest, depending on your RE goals of course. 

Which of course discounts one of the 4 ways of making $ in RE: Debt paydown.

@Dan Marshall the tenants are protected by their lease, so the two issues re selling now would be inconvenience of showings for the tenants, and whether the property will fetch a higher price as a retail sale (as you suggest) or as an investment...I'm with you--if it's more valuable to a homeowner, you might want to wait it out....or, you could cash for keys your tenants and sell sooner.