You step into his shoes and repay the deposit he paid at the auction.

If I were in your shoes, I would finish buying my own home.

Not to mention you have the added bonus of a written record showcasing how responsible and reasonable you are.Jon

(Buying a rental property is actually very boring in a lot of aspects unlike buying a new car that you can show off to your friends.)So I put a website together that I could showcase the properties or send people.

Being very new to real estate myself, I'm not sure how much help I'll be, but having been in your shoes just a few months ago I might be of some use ! 

If I were in your shoes I would put together a business plan to sell a custom built home to a home buyer. 

If I were in your shoes, I would refi the current balance (no cash out) to get rid of the mortgage insurance while rates are low and you are below 80% LTV.  

If you were in my shoes and you stood to loose about $1.2 to $2k a year on renting, would you still consider doing it given the points above?

If this is really a deal and I were in your shoes, I would partner with a local probate expert.

If you were in my shoes and just starting out with very little money, how would you get to the point that you are at now?