I just passed my national and state test recently .

I recently had a tenant pass away due to a car accident, I'm not sure about what family he has as he didn't list anyone as an emergency contact in his application.  

He then passed this information on to us so we could decide on a tenant.

(The SAFE Act was not a piece of federal legislation, but rather a piece of model legislation that each state passed, and some states were required to rewrite and pass again to meet the standards that HUD demanded.)Talk about complicated.

The wealth advisor seemed to have a good point that banks like to see the value of the life insurance policy/type of policy as assignable so if you pass while covered, it can meet your obligations, then the remaining is left for family/spouse children.Any truth in this, and could this potentially sway commercial lending apps one way or the other?

I'm about to get my NJ license (passed the test, interviewing brokers now) so maybe I can help you out.  

If the record owner is deceased, absent a secured creditor gaining title via foreclosure, you'll need to find someone with standing to legally be able to pass marketable title to you.Determine PETIO:PropertyEquityTitleInterestsOpportunity.Check death certificate, obits, neighbors for leads re: relatives, social media, and obviously name search the decedent online. 

If it were my reputation on the line I personally would pass.

I ended up passing on this deal because I wasn't comfortable with the numbers given our business strategy.

So, you can pay for a product that will never pass a home inspection, appraisal, or occupancy inspection.