You need a seller who has standing, that is, Capacity, Powers, and Authority to pass title.So, someone with either need to become appointed administrator or follow as zip your process that your state IL may have for an informal or summary probate. 

@Steve Babiak  @Jon S.Gas fired HWH while having the same capacity as an electric HWH, have a much quicker recovery period.  

It's rather pointless trying to lead the blind if you are not a visionary (sorry).Until a property has a principal or someone with standing (capacity, powers and authority) to sell, encumber or oasis marketable title, it's pointless to plan too far ahead. 

(proof positive of my limited intellectual capacity).On a lighter note, I'm pretty happy that I've traded CA's 9.3% state income tax for Ohio's 4.4%.

Licensed agents are not acting in the capacity of broker/sales agent when offering to purchase properties for cash.  

Xarin was shown on the sales contract to be only the purchaser and was not shown in any agency capacity… There is also no evidence that Xarin acted for Baker when Xarin acquired its interest in the property from the Gamboa’s.

I've done this exact same transaction (even R/M in default) many, many times in the past.Since you need a seller with CPA's (capacity, powers and authority), your title insurance company will list their requirements for your seller.What we do not know is if your seller must get sale confirmed by court. 

You can adjust the purchase price accordingly . . .).4) New Tenant Credit History - This may be obvious but; You need to verify credit history on the new Tenant; Make sure you have an adequate security deposit,; Attempt to get a personal guarantee if the Tenant is a corporation or partnership, and; Verify their previous "leasing history" with their current and previous commercial landlords. if your new Tenant is a startup, be cautious, make sure they have the financial capacity and experience to conduct their new enterprise and pay your rent and the NNN expenses.5) CAP Rate -Each market and individual property categories will have their own unique market Cap rates.

But ask yourself this, would you go invest the amount you have invested into this real estate into any franchise that you can think of and then hire people to run it for you while you hope it all works out in a largely removed capacity?

Make sure the units heating capacity is adequate for the space being conditioned when the temperature gets cold.