1) fill up truck and trailer with trash if there is any and take it to the landfill 2) replace exterior doors if any are broken and/or change locks 3) fix the roof if it's leaking and fix damage caused by water to structural elements 4) check out the electrical and plumbing and fix as needed 5) fix drywall 6) paint 7) refinish or paint existing hardwood floors or put down HDF laminate 8) put in cabinets, toilets, sinks, appliances, etc if what is there is not easily restorable 9) replace windows that are boarded up or broken through both panes 10) check the HVAC system if one exists and fix or replace as necessary 11) add/replace interior doors, toilet paper holder, outlet covers, etc 12) clean, stage, advertise

At the auctions, the "opening bid" is first given by the Lender/note holder.

Under these rules account holder is allowed to take a distribution for his/her IRA, once a year, and as long as they deposit those funds into another qualified plan within 60 days - it is not taxable event.

I know this particular property is owned by my ex-friend and his LLC, however the 1st Trust Deed Holder is his PM Investor.  

@Debbie GarlandAs Dmitriy notes, you would have the option of self-directing the IRA.The IRA will remain as an inherited account, and as the beneficiary account holder, you will likely be required to take a certain amount in distributions each year.  

Not only is the mobile home a depreciation asset, it is not much of a desirable asset to a note holder.  

What protections are you, as the minority holder going to have?

No one is paying rent. 45 days after the death of the lease holder, the house is still full of personal items?

This would likely be one of the mortgage holders. 

Get the taxes paid, showing you as lien holder paid them.