Accumulate some cash reserves and be ready to take care of things, if something happens.

If you have sufficient reserves, your mortgage obligation should and can be handled completely independent of which day you get rent.

John ThedfordA Life Estate in its usual form has a deed from the parent to the child, with the reservation of a Life Estate for the parent.I'm not an accountant and am not pretending to be one, but it would seem to me that the deed transfer was be considered a sale for tax purposes.

I went to an auction for the building however the reserve was higher than what anyone was willing to pay.  

If they need to change from one service animal to another, then we fill out a new Service Animal Agreement.We also include name and contact information regarding the service animal's veterinarian and emergency care taker.Here is an excerpt from our Service Animal Agreement regarding other terms:"Tenant agrees to:1.Provide proper care for the animal in accordance with veterinary recommendations or ASPCA (American Society for the Prevention of Cruelty to Animals) guidelines.See www.aspca.org.2.Not to leave the animal unattended for any unreasonable periods of time.3.Adhere to local ordinances, including leash, vaccination, and tag/licensing, requirements.4.Clean up after the animal and dispose of animal waste properly and quickly.5.Not to leave animal food or water outside the dwelling, as it could attract other animals.6.Keep the animal from being noisy, aggressive, or from causing any annoyance or discomfort to others.7.Immediately remedy any complaints that arise from animal behavior.8.Immediately pay for any damage, loss, or expense caused to others by the animal.9.Provide animal with regular health care, to include vaccinations as recommended by a veterinarian.10.Arrange for an emergency caretaker for the animal.Tenant agrees to indemnify, hold harmless and defend Landlord against all liability, judgments, expenses (including attorney fees), or claims by third parties for any injury to any person or damage to property caused by Tenant’s animal.Landlord reserves the right to revoke permission to keep the animal should Tenant break this agreement or provide false or misleading information."

If you have a company party and feed your contracts for example, record evidence of that party, have them sign a guest roster, might show the reservation for the place you use.

Current plan is not to LLC the single property at this time.My thought was to seed some cash into the account initially perhaps 1-2 months of mortgage payments so that we can setup the account to pay the mortgage/HOA directly but still cover the costs if our tenant were to late pay or we end up with a vacancy down the road (have a 24/mo contract so time to build up reserves), etc.

Their reserve is still unknown.

Honestly if they have any reservations I'd just move on to the next probate case.I intend to email, write a letter, and call each and every administrator and attorney to make sure they know I mean business.

.- Work Orders- Deposits - paid, unpaid, by property, tenant - security, last month- Reserve Fund- You can find it on the cloud too!