We will be out of the country for an undetermined amount of time, so I would prefer a more passive route.

-Pay the extra $$ and do a more thorough inspection on the initial walk through.

There is only one call-to-action button in their email UPGRADE which leads to acceptance of 2 new contracts. 1) Terms in which they introduce HYPERWALLET, as a replacement of YAPSTONE and enforcing some bad terms such as the authorization of "debit" (in addition to the normal "credit") into our bank accounts in a more formal way. 2) A new terms for HOMEAWAY/VRBO which among other things, removes hosts option to sue them in court (except for small claims), forces Arbitration and removes the ability for a class action.

This was my first property and I felt I could live ugly, fix it myself, and increase the value of the home to later sell and roll profit into a more expensive property.

@Silvius GrantThis will be my first flip however, I'm an independant Insurance Adjuster, I use Xactimate like the contractors it's gives me a more accurate scope of work.

Do we have to go through probate or since he probably has legal right to everything she had, can he just transfer ownership to us in a more simple legal manner? 

@Ken LatchersThis is really a more modern version of the “rooming house” concept.

Obviously you can compare to the near by market to estimate, but can you get to a more accurate number?

Most lenders are allowing these types of transfers, but the old strategy before these changes regarding the Fannie Mae updates was to introduce a Land Trust into your ownership structure of your property, bypassing the Due on Sale ClauseFor a more detailed explanation of asset protection you can also refer to this article.

Consider looking at the underwriting this way:19 Occupied Pads Rented at $295/mo on average (times 12 months) = $67,260 (that is the "pad rent only" gross income)6 Vacant Lots = $0 (this is upside for you)Expenses at 40% of the gross = $29,904 (since all the POHs are sold, this is a more realistic expense ratio.