But if he was getting social security benefit after 1962 it would show up unless his death wasn't reported and they kept collecting.

inspection report coming some time tonite. looking like a rescind and new price negotiation - FABULOUS!

Yes you can try to get another appraisal and see what happens.If they have lived there that long they have worn down the house some and if they left you would have re-conditioning costs before you could rent again.If it is possible and you can still make money I would sell now.Interest rates are at all time lows and the down payment is manageable.With the election coming we don't know the direction of where the housing industry is going.Lending money could get tighter and interest rates could rise even if values stay the same.If you tell the buyer they lose the option and to get out they will most likely do damage to the property.I would check too see if the buyers even have the ability to purchase right now.Have you seen evidence of the required down payment in a bank account and have you seen their credit report??

The good news is that over the next 3-4 years, you will get to know the property in and out and know it's quirks and also be able to scout out a good property manager in the area (since other folks in your chain of command and sphere's of influence will also be in the same situation as you. -- Own and then move and will need to rent their places out.)

Report on Form 1099-MISC payments of $600 or more for rental property expenses."

http://finance.yahoo.com/news/foreclosures-draw-private-equity-u-150127753.htmlmost of you probably already heard of this in the past months and it looks like it's going to happen pretty soon. as a newbie in REI, I'd like to hear what the experienced player's opinion on this. couple of questions I can think of. 1.

http://www.mortgagemarketguide.com/chartsyndication/featuredcharts/013112/mmg_chart_013112.html?time=1328029595#.TygfoABGxSE.facebook

shows Phoenix +0.6 in home prices which makes sense as I've seen some difficulty l...

1) ALWAYS get a detailed application. 2) Ask for references - landlord, personal and work related 3) Have THEM provide a current credit report - in my state that is legal - this way you create at least a "semi weeding-out" process right there.

The news won't have as a big an effect such as storage wars.

They are not one number reports like appraisals.