You don't want to inherit a non-paying tenant.Good luck

This simply means the State will only seek recovery from the individual's estate upon the resident's passing, meaning it's unlikely the potential heirs will receive an inheritance.

Is it better to sell or buy out the other party and flip or rent home. It is a handyman special and will probably require $50K in renovation costs. The home is valued anywhere from $150K-$210K per the various real est...

Not sure if this is possible for any other reason.4) if you are a non-resident, any gains will be TAXED 25% EXTRA vs a resident. 5) Let's say you inherit a tenant, you CAN NOT reset that tenant's rent to market rate, you're still under the max indicated in item 1.6) Mortgages tend to have prepayment penalties.7) If you sell as a non-resident, Canada holds on to some % of the proceeds until the following tax season. 

The SFR got me the docs, procedures and people skills necessary for the 6-units.We've been Buy&Hold for 18years now and put the property into a Living Trust for the kids - - they will inherit tax free a turnkey which they can operate or liquidate.

I have just found a guy who sold an inherited home with owner financing.  

There is a ton of liability you can inherit.

Back in the day, I fought and won a war with a bedbug infestation inherited from the previous tenant.

Hello All,My 66yr old grandmother inherited a house from the man she took care of for 5 years.

I have been thinking of just quitting my current job and going in deep with real estate as I have an inheritance coming shortly to live off of for a bit.