It's under his deceased mother and deceased uncle's names.

I would however keep your mother as the owner of the LLC so you can get the step up basis upon her death.From the C corp you take management fee and you can also "hire" your mother to do some administrative task for the corp and give her salary and fringe benefit.

Rent is 83K (54k from residential units-rented by nursing home-, 21 from the retail, and 7k from the garages), NOI is about 50K.

There is an old loan lien still on the title, which I will be researching (I believe it was paid off & no payments have been made for years -- both parties have passed away).IF I proceed, my plan is to -a) do a quit claim, with heir signing over ALL rights to the property into the escrow (both as heir to his mother and as heir to his brother), delivering possession of the UNOCCUPIED property and in exchange recieving 50-75% of the price in cash (the quit claim & delivering possession MAY have to occur at different times.

We both work full time as registered nurses in Orlando, FL, are looking to make our first investment purchase this year, and would like advice regarding our 10 year FI plan.

(James) and his step-mother V.H.

This looks like it may have been a mother in law suite.

Bought last one while working for a customer who wanted me to clean out his mother in laws house ( it was wearing him out ) .

I have a question: My mother's partner is having health issues and is interested in selling a parcel of land he owns in St Helena.

What I settled on buying, however, was a single family home with a mother in-law accessory apartment in Utah Valley.