If it was over-priced $200k, $50k is a drop in the bucket.

I am drafting a letter now and will definitely be dropping it at the door when I visit the property today. 

Location: Louisiana Disclaimer: I am not an attorney & don't play one on TV.It sounds like the title company did not do much research into the chain of title if they did not see that a succession was not done on the husband (what appears to be the case based on what you have relayed). 

Looking for real estate focused tax advisors for new investors, someone who will take time to explain and advise benefits, best practices and any areas of concern in real estate investing based on our current financial portfolio.  

If the property does not provide for all three, you should not underwrite or make investment decisions based on the property operating as an STR. 

Based on what you are saying, the revenue on the property would be around $4,400 a month with a purchase price of $600K.

Nick, consider contacting @Amanda Han, she is based in SoCal, an expert in the field and active member of BiggerPockets community.

This is a seller whose asking price is based on something other than market value – such as I want to sell and retire with a million (now 5 million) dollars.

I'm both a realtor & investor from the greater Los Angeles area but based in San Diego, looking to take off with my first deal.

Exactly how much the lenders will lend is based on the data on the property's marketability and the borrower's credit score.