It means the administrator of the Estate of the decedent hasn’t been appointed yet and given authority to liquidate the decedent’s assets.They are waiting for their court date and letters of administration to be issued.You can do your due diligence and submit offers to the agent handling the listing but,it won’t be officially approved until after the administrator is authorized to sign them.

One , if you buy for cash flow, whether the market is good or bad you are making your money , and two, if you wait for the perfect moment to buy real estate, you will be waiting forever.

Plan to do the same to them when lease come up and do the same as previous.3rd Tenant: Owner wasn't clear but I think we might have to wait a year on that one.Anyway, John I agree that a BRRRR strategy would not fit for this project, but what I was proposing was tapping into the equity of the previous property at a years time to pay back my family with an 8% on their money. 

If so, how long will she have to wait before a cash out re-fi?

You shouldn't need to wait until you've received enough cash flow from a paid off investment, to have enough for a deposit for another investment.

I can't wait to get this property back into the cash flowing side of things.   

I would wait till next year, as assuming the tax law and your situation are the same, whatever the tax benefit you get this year, you would get next year also.

Turned out we bought 12 deeds and after the waiting period was up we sold all but one on eBay.

Are there deferred maintenance issues waiting to bite the next owner?

I'll just wait here by the door while you get your stuff.