I'm also interested in buying an old property to fix up a little, since I love the idea of being able to give new life to something old.

At times I wonder if, since entering adult life, my competitive spirit has died. 

@Patrick Plummer in a former life I practiced in US Tax court, I strongly suggest if you qualify for the solo 401k go that route, and roll your ira into the solo 401k it is much more flexible in real estate transactions, and the compliance cost and reporting requirements are much less.  

I want to earn stable, passive income that can afford me time to enjoy my life, and pursue other deals.  

I am excited and anxious to start this new phase in my life.

lookinh to buy n hold , 

Afterwards that felt I should have thanked you for sharing your REAL LIFE success!

Life expectancy is much higher, they cost less and if ever glass unit has to be changed, it is much easier as vinyl windows come with glass stoppers that just pop out and then back in. 

Yes, they will leave "some day" but you will have created a working partner for life as well.

The idea there would be, is it fair to the sons to burden them with a almost a full life cycle of the loan for a debt that grandpa as PR and Mortgagee had material knowledge of, failed to deal with but still may be entitled to some form of recovery?