It was a property that he had inherited, but he already had a home of his own and didn't have no use for the house that he had inherited. 

Basically there are three types of ownershipTenancy in commonTenancy by the EntireitiesJoint TenancyIf you take title as a TIC, your ownership can be inherited upon one parties death-depending on who it is willed to.

BPers!I'm closing on a 4 plex in a C neighborhood.  Two of the tenants have fairly maintained their units but the other two have trashed theirs (hoarders).  Both of these tenants have been in the units for 20-30 years...

The ones I screened, I placed on 12month lease, the ones I inherited, I had them sign month to month.

I recently inherited a house in Daytona beach that is 884sq ft, wooden frame, with a leaking roof, rotting wood frame and T1-11, the floors are sagging pretty dramatically as well.

Hello BP,I just received a call today from a seller that inherited a mobile home in PA and wants to sell it.  

The home: My mom and her two sisters inherited my grandmother's home 18 months ago, and it's been sitting empty since.

Through going out every day, i meet all sorts of various home owners, sick, absentee owners, inherited the property, bad tenant, disabilities, unable to pay taxes, etc.

I'm new to the buy/sell side of real estate. i've been running an apartment complex for the last few years that was inherited. it's around 30 units, and my question is about the commercial appraisal now that i'm at the point of selling. our apartments are at full occupancy and stay that way partly due to below market rents. we had 1 apartment open when it was appraised that's now already rented, a few weeks later. the appraiser listed a 5% vacancy and collections loss across the board and 10% for the 4-plex with the vacancy listed. this takes off tens of thousands to the appraisal price from the 2-3% i'd calculated. i asked him about it and the answer was that it was a forward projection and that was it. the apartments are 1 bedroom which are in short supply in my area. he admitted to not knowing the supply picture for 1 bedrooms here. there aren't a lot of commercial appraisers where i am. if he's picked by a buyer's bank i'm worried i'll get hit with the same vacancy number. if he's projecting that the buyer will have higher vacancy with higher rents, then i feel i'm getting double-whammied because i'm losing out on the income from higher rents (which i understand) while also paying for it on the expense side.

What would you all suggest I do with my inherited tenants?