The niece stated she is handling his affairs.I see on the contract : EARLY TERMINATION: Tenant is not entitled to early termination due to voluntary or involuntary jobs or school transfer, .......loss of employment, ...... or death.

If there has been a death of an owner, I can think of several reasons why a lis pendens might have been filed.Lis pendens is a legal method to cloud title by filing notice of on going litigation relating to real property in deed records.

Stepped up basis means they get the property at the fair market value on the date of your death so if they sell it so no tax but if they keep it they get to start depreciation at the fair market value less the land value for the next 27 1/2 yearsCarryover basis means they get the property at whatever your basis is at the time of transferHope this helps good luck

I'm not worried about HUD prosecuting me for flawless execution of their guidelines.The alternative is death by a thousand cuts. 

The end game could be continuing to defer till death and the gain disappears with the step up basis to your heirs.  

This topic has been beat to death, revived and beat to death again... and again... and again.

You also need to plan for a member's death, or divorce.  

Repairs do not have to recapture when you sell the house too.)16) Utilities17) Pre rental expenses ( expenses incurred before finding a tenant )18) If you use your Car: This can include- oil changes, Maintenance, gas, repairs, parking, tolls, and depreciation.

But if his wife’s death has hit this hard that he can’t pay his rent 8 years later he needs professional help.

as stated above not only do U have partnership issues .. but 100% finance on rentals is a slow death unless your able to routinely buy FAR under market.. and it can be done but hard to scale as there is a lot of competition for those assets..