Just be careful, like any partnerships vet out what happens when the S hits the fan (Divorce drugs, death, disinterest) etc...the FOUR Ds that cause issues. 

If you don't have boots on the ground that can oversee your "GC" (who seems like he's just gonna change order you to death, cause prices seem low), then your going to be part of the very long list of out of staters who read an article somewhere, that said you can make a lot of money flipping in Baltimore, and then are "one and done" investors in Baltimore.

(a) If the owner's interest in the premises is terminated by sale, assignment, death, appointment of a receiver, bankruptcy, or otherwise, the new owner is liable for the return of security deposits according to this subchapter from the date title to the premises is acquired.

Allen - Robert Irwin - Robert Kiyosaki - Robert Shemin - Ron LeGrand - Russ Whitney -Ted Thomas - Wade Cook - Wealth Builders - Just to name a few.Ten's of thousands of dollars later I had so much knowledge that I thought my head would burst and on top of it all I was scared to death to step out and do what I had learned so I got another job and the living paycheck to paycheck continued until a dear friend asked me how long have I been stupid.Yes he upset me greatly but he helped me pull my head out of the lower part of my body and I started to put action into what I've learned about real estate investing.When it was all, said and done I turned my life around from living paycheck to paycheck to being worth millions!

I “inherited” the properties before death under prop 13 so my taxes are very low and my basis transferred so that is low as well.

Show me a chain of title with multiple intra-family transfers, quitclaims, common names, deaths... and I'm buying title insurance.

The alternative is death from rabies (if the bat had it...which has a high enough probability to warrant the shots).Also, post exposure rabies shots is not just one shot.

I don't know of any insurance policy that will cover intentional destruction by a tenant.As for death, renters insurance covers the accidental death of others.

He's an older, retired guy and it seems like Landlording is taking a toll on him.

If daughter notifies the bank of the death and a pruchase and sales agreement from me, would it not move the needle one bit?