Any special considerations I should write into the contract due to the Section 8 unit?

In other words, try to connect with her first as a person who has lost someone special and then as someone who'd like to buy her home.

I understand that the security deposit needs to be in a regulated financial institution account - I currently put them into my company's chase business savings account - is this good enough or are we required to open a some kind of special dedicated account?

Hi Kate,Here are some items:- Propane grill anchored into the ground so guests can't move it- We buy DVDs at garage sales and do that instead of cable and also get a Smart TV with HDMI so guests can bring their Roku or Fire stick- Boardgames and puzzles- Schlage Encode wireless lock. 

I then re calculated the numbers for a short term rental and charging $150 a night fee with 50% monthly occupancy and all utilities being paid (est.300/mo), plus the $1,080/mo to the owner,  plus the airbnb website fee of 3%/yr/mo (if I listed it on there), my half of the annual property taxes and insurance to the owner of $3,600/yr, plus $150/mo for cable and no management fees as I will be self managing.

Chad Griffiths and Tyler Cable. 

The main downsides of a condo purchase is HOA control, for example, with a special assessment, they can ruin a deal.

You will also need to notify the county property appraiser that you are still the beneficial owner to make sure that they won't reset the cap on the assessed value of the property for your property taxes.Regarding the note, as you are not changing the name of the mortagee, there is no transfer of the note and there should not be any doc stamp.Also, avoid the quit claim deed, use a warranty or special warranty deed instead. 

Check out what types of properties the property manager specializes in.

Thank you for your insight, specially the 0.8% rule.