@Neal Collins I spoke at length with AppFolio because I don't have enough units to use the platform (50 minimum are needed), and my broker told me I can be added as a property manager and manage my portfolio separately, but after we looked into the system and how it would work for handling funds, they said that even though you can have separate property managers manage separate portfolios, you cannot have separate bank accounts. 

Interview them about how they handle maintenance, late rent, unpaid rent, lease violations, evictions, etc.5.

You can also get a ton of info from the attorney that is handling the sale.

@Matt Schelberg My experience with the attorney handling receiver actions is they are reasonable. 

I'm a RE accountant, so my reply is based on complaints/praises I hear from my clients.Investors prefer to have one lawyer for everything REI: LLC formation, closings, private money deals, evictions, litigation and whatnot, even though it's often best handled by specialists.Number one complaint is accessibility.

Really i would love to hear how an experienced landlord or prop manager would handle this situation.

Generally, insurance payouts reduce the basis in the property while the funds spent to make the repairs either increase the basis or might be able to be expensed all at once, depending on the nature of the repair/replacement and total funds spent per item.

It means the administrator of the Estate of the decedent hasn’t been appointed yet and given authority to liquidate the decedent’s assets.They are waiting for their court date and letters of administration to be issued.You can do your due diligence and submit offers to the agent handling the listing but,it won’t be officially approved until after the administrator is authorized to sign them.

Needs a new roof, possible foundation issues, and each unit needs some TLC, which is why I want a lease option in case I find the foundation is too much to handle or something.

But can you handle losing 50% of your income when a tenant fails to pay for two months?