Escheat ensures that property always has a recognized owner, which would be the state or government if no other claimants to ownership exist.

Again, not everyone will know the difference here but you will after this.Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

So now the title is not in the father's name, but the previous occupants' names.Yes, the daughter of the father is now the executor and has gone through the official proceedings to be recognized as such.Not sure on the full details of the owner financing agreement, but the father essentially would have been the lender for the property.I have not attempted to contact the previous occupants who walked out.

Denver and a few other municipalities do not recognize the other half of a duplex as your primary residence, and hence you can't STR that side.

Recognize you lose the potential increase in your IRA.  

Also recognize that others might not be looking so trying to sell is harder when no one is looking.

being a licesened agent in NC probably cost me $500 a year...well worth it.i also enjoy the benefits of being a recognized professional in my field and when other parties know that i have a certain liablitly to act professionally, it will earn you some degree of crediblity and respect.i stongly recommend that you take the time to get your license if you plan to be a successful investor.

So a large house that has been divided into four units, but has not officially been converted into legally recognized condos, can be sold to four parties.Not recommended.So $250k gets you a small slice of a house that others share.

JohnYou seem to be focused on buying and the financing angle.At this stage you should be focusing on how to control property and recognizing a deal.Phase one learn about straight options.

I've seen enough rentals to recognize a "good" tenant.I don't really follow any 50% rule.