It's been a long time, so my memory is a little fuzzy, but it seems like we may have also offered a credit on their next month's rent to offset the higher cost of utilities during that time as well.

Varies by county also.The only houses I have found were instances were someone died without a mortgage or any liens. 

So my question I have is would it be possible for me to get a LOC (line of credit) with my local bank and then use it for down payments on my properties I want to invest in? 

@Tyler Hodgson  Just saw a loan recently with almost no fees, no down, and $4500 in closing cost credit, no MI. 

If so, go to a bank or credit union to do a cash-out refi and draw all your cash out.

Norfolk class C assets can have maintenance costs that dramatically vary year to year.

If I move my property to LLC will I lose my credit history since I paid off mortgage?

There must be a custodian who holds the property title, the rent should be issued to the custodian and they are responsible for crediting your inherited IRA account.

Be prepared for varying responses.

Redemption rights vary by state so you can check with local regulations, agents, authorities, attorneys etc.