Then I inherited just enough money to use as a down payment on a duplex. 9 rentals and 2 personals later she dosnt even question me anymore.  

The sellers recently inherited the property and are just looking to turn it into cash. 

No, if you inherit someone's whole life policy then it's great, but there is a lot more you can do with your cash than give it to an annuity company with the hopes of a return, especially in an environment with 2.3% 10 year Treasury Bonds.With the $15k up front cash they want, pay for a down payment on some rental, or buy $15k worth of a dividend stock like GE.  

Look up "Driving for dollars" and do it.Talk to all your family, friends, co-workers and ask them if they know anyone who is behind on their payments, taxes or if they have a rental or inherited property that they dont want.

I just inherited my mother's house, prepping it up for a nice rental but I'll live in it until I get my degree.

We will occasionally give a written warning on the first offence (usually with inherited tenants where the previous landlord didn't have a ban or didn't enforce one).

On an inherited property you start fresh with current values.Cheers, Buddy

On the flip side, for those of you reading this that make minimum wage and maybe saved up $40k or gained some inheritance, I would probably recommend paying off the debt first because your ability to replace that money if lost would take many many many years (if ever) and paying off the debt is a guaranteed way to increase your cash flow with 0 risk involved.  

I assume you inherited the 3 new tenants when you bought the property. 

Hello,My mother-in-law recently inherited about $150K.