The proceeds will be used to purchase the next home, and so forth.

Meaning:Can you physically work on the property - NoCan you pick paint colors and finishes - Yes (you must pay a non-disqualified person to physically do the work)Can you stay over night at the property - No (any disqualified persons can not stay at the property) Can you rent the property to a non-disqualified person - Yes (all proceeds go back into the IRA including rental income)Those are just some of the basics, if you have any additional questions I would be happy to connect and answer all of your questions.

My gut is telling me to proceed on this property as I believe we are buying at a really good price.

If not, you will not be able to get the units licensed and could have problems if you try to evict during evictions proceedings and cannot produce a rental license to the court. that is a short-term problem for you if you were to acquire.

Wait for them to appreciate, sell off the worst ones and use the proceeds to pay off the best ones.

Can I still proceed with the eviction process and get him out?

You need to know these dynamics before proceeding.

Like 5,10 million exchange proceeds from one investor etc. not this 50k,100k,200k type stuff from an investor on a 1031.

Off the top of my head I might try this:1) Check the probate court in the county where the decedent lived at the time of death and see if a probate proceeding has been opened 2) Depending on your state, check the probate court to see if a will has been lodged/deposited (which would name executors — and may have attorney info too)3) Google the decedent’s name and “obituary” to see if there’s any family info.

If you do proceed, hire a licensed electrician yourself and make sure the work is permitted if required.