Watch the property and wait.It will need to go through probate and if they are not knowledgeable about home sales it will likely be listed with a agent.Don't get your hopes up most family members get real greedy after a death so the likely hood of a good deal may not exist.

@Vince Gamboa at 21I would get my real estate sales Lov and work on a team that cranks sales.

Of course the answer to this issue if you close late in the year and want the full 180 days is to file an extension.For you it is irrelevant whether you sell and close the purchase in 2016 or close the sale in 2016 and the purchase in 2017.  

Most are GURUs GURUs GURUs - you may not know but the local club that host the GURU, usually gets 50% of the sales after expenses are paid.

From what I've read, people are only using hard money lenders for the full sale price of units. 

Properties are generally much cheaper relative to the rent they pull in, than in NY.3) Lower fixed costs - lower real estate taxes for starters relative to your rent roll, etc.4) Lower variable costs - labor is A LOT cheaper here.  5) Less stringent code enforcement.6) Less maintenance - milder weather, and younger average age of homes make for less maintenance.   7) Diversification - low entry price to buy property allows and investor to manage risk by buying properties in different neighborhoods instead of putting more eggs in one basket.In additional to the benefits I listed above the city is growing so fast that homes rent very quickly, often times before the sale of the home.  

The fellow (John- their sales rep) told me today (Sep 29) that the cost is about to go up, because they have added lots of categories to what they have previously had. 

 Thanks Josh for your input I do make enough money but I just went through a short sale so this is a way I'm trying to purchase one and then I was going to refinance like  William suggested

I eat it on sales above $200k or so, and on lower priced deals I tell them it's part of my services, period.

My wife and I own a rental (lived in for several years, but not recently). We'd like to sell it and use the proceeds to buy a new primary residence and then either convert our existing primary residence to a rental or...