I'd not do that, either you use the POA or you don't, it's not common practice here, mom and dad can always terminate a POA and it terminates upon death.

If true, you are suit-proof, no attorney is going to waste his time coming after you, unless he's got too much time on his hands.I told you the story of the retired lawyer representing us in a wrongful death lawsuit.

I’m 24 years old, I’ve been a mechanic for the last 5 years and the toll it’s taken on my body is misery at this point.

Just keep sending the checks after the death.

It is usually a deed granting a Life Estate to the mother.....she gets to live there for free (she usually pays the property taxes)  until her death..

Craig,Respect Jay to death, but I own a handful of low income properties and am doing well.  

(As an example I know in Missouri it's not required to disclose murders/deaths that happen in a property, lol, good to know owning in St.

Sure enough, got a message 4 days into our ownership that one of the original units passed away a slow death.

From what I have observed in the CT and NY markets the property management companies that do charge the ever so enticing 5-8% generally do not have as good communication with investors, and will also up charge / fee the owner to death.

Went inside, walked through the living room and kitchen, and turned around and walked back outside (it smelled like death) - might have been in there for 10 seconds, tops.