Regardless, every potential outcome is spelled out in the operating agreements, including death, divorce, bankruptcy, etc.  

That guy was like the early 20th century Toll Brothers.

Things were fine leading up to his death, but clearly only the bare minimum was done while other things were ignored, and now we are paying gravely.Up until the property manager's death we were fully rented with the exception of one unit which he neglected to rent out and was vacant for over a year.  

, installment sales, 1031 exchange, Grandma keeping until death to get step-up in basis.... 

I was born and raised in Texas.Side question, do you know if there's any additional process I need to take if there was a death certificate for the last owner of the deed?

Performing notes typically go delinquent for two reasons, a change in income status by the borrower from either a death in the family, loss of job or divorce.

Well Bryan, sorry, seems that was the kiss of death to your thread!

I think every parent wants to teach their kids about finance, and my wife and I like others, have struggled with how best do that without boring them to death.  

It's something to watch 3...6 months from now, no one is immune to this (excuse the pun).I don't expect everything to be business as usual even when the death rate slows, there will have to be cutbacks by corporations and professionals to compensate for the losses.

The toll of property management on places like this tends to drive most serious out of state investors away.