@Galvin DueslerGo to your counties vital statistics dept. and request a copy of the death certificate.

I have not walked the property, only drove by the location so I can not speak to some of those vital questions that you inquired, but the location is really good, and the structure from the street seems solid, with a newer looking roof on one of the units. 

Now you don't have to be good at every aspect you learn about, but it's vital in deciding where you want to go in this industry.

Strategic use of debt is vital, an automatic assumption that more is better in every circumstance is unwise, especially for those whose real estate investments coexist with other income, professional circumstances, retirement issues etc.We are in an unprecedented period of liquidity over the last 30-40 years.

If your roof is on plank here your best choice would be to replace it not repair or do another layer.

If the Seller shows signs of having the same desire, they will give him the time to work it out.My main point is that communication with the existing lender is vital asap. 

Buying condos is a mixed bag even without them being vacation rentals, seems like another risk layer?     

If you keep peeling back layers, if there is something to find, you will find it. 

It could not be covered with drywall and be flush, so he put a layer or 2 or 3 of drywall mud and sanded it smooth and textured to match the rest of the wall.

Knowing what direction the community is going is vital if you plan on holding property.