We touched bases with her three months after closing and she informed us that her unit was rented 27 days per month since closing.There are other things to take into consideration as well.  

We are just a little nervous to pull the trigger and we just recently bought our own home at the end of the year.

With that being said, generally you cannot get real estate out of a Corporation without triggering tax implications.

I'm about to pull the trigger on my first property.

You should also have esstopal letters for each tenant to confirm all details of rental amount, date rent paid, special considerations, DD and/or LMR deposits.The primary issue you should discuss with inherited tenants is that rent in full must always be paid on time.

No consideration of risk seems to be mentioned, ever, anywhere. 

Fallacious assumption is pricing is linear AND has no consideration for amenities or local conditions.

Based on the traffic I am seeing coming through at the house today I will most likely be too slow on the trigger, but it was fun to consider for a while.  

It seems like a great majority of investors fail to pull the trigger, or lack urgency to get deals done quickly.

If you are going to own it until you die, your basis doesn't matter and you might as well have them gift it to you now.If your parents are wealthy or the property is worth more than $5 million, then the trade-offs are more complicated due to estate tax and gift tax considerations.