I have and I got the tax deed on the house and have it rented.If the remainderman ever produces a death certificate for the LE person then they deed the house to the remainderman.

Are any other Plus Members having trouble with the rental calculators? 

Your agent should explain the situation to the seller's agent so there are no surprises.It seems to me this approach keeps you out of trouble and preserves your reputation.

No thanks.If you can get at your retirement without penalty consider this, $1million is likely to produce $30k per year taxed income when you retire.

@Athita Covington Long-time tenants are awesome as long as they aren't causing trouble.

If the property is rented out and producing income, then sure.

I've also thought about putting an airbnb or something creative on it to produce some income.

I know typically with courthouse auctions it is a very quick turnaround (maybe 24 hours) from when your offer gets accepted to when the payment is due and you close so you will have to be comfortable with the added risk of not being able to do much due diligence, or will have to scramble to quickly verify you are buying a clean title and to produce the cash for purchase if you don't have it already liquid.

So you would produce a proforma P&L that looks like this:Revenue- Revenue from house- MHP RevenueExpenses- House-only expenses- MHP-only expenses- Communal expensesThen you can figure your cap rate based off the entire property. 

The trouble with splitting is one tenant may work had to conserve energy and the other may not.