My favorite book on the subject is "The One Thing" by Gary Keller. 

Generally speaking, if the deed is valid (you'll need to review the requirements for a valid deed in the jurisdiction where the property is located), and he was the sole owner, then since the deed was executed and delivered, equitable title has already transferred to you and the property should not be subject to probate.

The title of the post is like a subject line in an email, or a headline.  

Luckily, BP just came out with a new book on the subject, so I'll be picking that up soon!

I find it often roughly offsets the carrying costs from my HML/utilities/taxes/insurance during the remodel.The top of my range is subjective.

>>Actually, Basit, a DSCR [debt service coverage ratio] loan relies solely on the subject property being able to support itself; that is, does the cash flow support the proposed mortgage payment? 

Neither the other co-owners, nor the sponsor, nor the manager may advance funds to a co-owner to meet expenses associated with the co-ownership interest unless the advance is recourse to the co-owner (and, where the co-owner is a disregarded entity, the owner of the co-owner) and is not for a period exceeding 31 days.The co-owners must share in any indebtedness secured by a blanket lien in proportion to their undivided interests.Distinguishing a Partnership From Co-Owners of Leased PropertyIn the case of property to be purchased by more than one equity investor and subjected to a long-term triple net lease, it may be possible for each equity investor to structure its participation as a purchase and lease of an undivided interest in the property, separate from the other equity investor's transaction, so as to preserve arguments that the equity investors are mere co-owners.

@Erin AndereggThe general rule of thumb is if the property is not owned 100% F&C, it would need to be a subject to deal (ie.

Any economic Pros out there can dive a little deeper on this subject so I am able to explain this better to my Clients?

If the subject you are buying is an unreasonable drive time, then you have some " 'splaining to do Lucy."