Particularly, if I need to sell the house after 30 years, the age of the property will now be 60-70 yrs old. 

I don’t know how you would know local stories about a particular property if you don’t live in that town).Ok go🏁🏁🏁

I lived in the Redondo/Hermosa area for years, so I am intimately familiar with that particular part of town.

It'll be a regional bank doing them for a loss to build karma, or to check Community Reinvestment Act boxes, that sort of stuff... still kicking and screaming, but they'll do it, they have some incentive other than making a buck on that particular loan (they won't). 

I had spoken with this gentleman a number of times over the years and we were on a first name basis with each other, so I am particularly saddened by the news.Anyone have first hand experience dealing with a deceased borrower situation? 

Do you know why you're investing in a particular property type?

In particular if there's a reason like liability, management, adding someone to ownership for an operations consideration. 

I want to start real estate investing particularly in rental home investments.

One listing in particular is selling low for cash and could be very profitable, but they are currently in the eviction process for a tenant who has been in there a very long time. 

Also, this particular property is contingent now but none of the utilities were split on this building so that is also something to keep in mind when running numbers.